Expedia (EXPE) Target Raised to $282 Amid Strong Operating Metrics

Core Insights - Expedia Group, Inc. (NASDAQ:EXPE) reported strong fourth-quarter results with double-digit year-over-year growth in gross bookings and revenue, alongside a 32% increase in adjusted EBITDA [3][4] - Baird raised its price target on Expedia to $282 from $280, maintaining an Outperform rating due to improved operating trends and profitability metrics [1][3] - The company ended 2025 with $5.7 billion in unrestricted cash and repurchased approximately 9 million shares for $1.7 billion, while increasing its quarterly dividend by 20% to $0.48 per share [4] Financial Performance - Expedia experienced a 9% growth in room nights and a 24% increase in B2B bookings, indicating resilient demand in both international and U.S. markets [3] - Despite a 31% decline in GAAP net income for the quarter, the overall financial health is supported by accelerating EBITDA growth and disciplined capital allocation [4] Company Overview - Founded in 1996 and headquartered in Seattle, Washington, Expedia is a leading travel technology platform with a diverse portfolio of brands including Expedia, Hotels.com, Vrbo, and others [5]