CMB Stock News Of The Day 📰🗞️🗞️📈📉

“Expedia Takes Off: Strong Travel Demand Powers Huge Q3 Earnings Beat, Wall Street Raises Price Targets” 🚨🚨🚨

Shares of Expedia Group (EXPE) skyrocketed 14.35% to $251.22 in early trading Friday after the online travel giant delivered a blockbuster third quarter that crushed Wall Street expectations.

The company reported adjusted earnings per share of $7.57, beating analyst estimates of $6.98, while revenue climbed to $4.41 billion, driven by strong room-night growth across the U.S. and Asia.

CEO Ariane Gorin credited the company’s strategic execution and the continued strength of global travel for the robust results.

“Our strong third quarter results exceeded both our top- and bottom-line expectations, reflecting an improved demand environment, disciplined execution and tangible progress on our strategic priorities,” Gorin said. “Notably, U.S. room-night growth hit its fastest pace in over three years, we posted our 17th consecutive quarter of double-digit B2B growth—and consumer bookings grew 7%.”

Expedia also raised its full-year revenue growth forecast to 6%–7%, up from its prior estimate of 3%–5%, signaling growing confidence in travel demand heading into 2026.

Wall Street quickly applauded the results, with a wave of price target hikes following the report:

• Evercore ISI: Maintained “Outperform,” raised target to $350 (from $280)

• Piper Sandler: Upgraded to “Neutral,” lifted target to $250 (from $190)

• Wells Fargo: Maintained “Equal Weight,” increased target to $272 (from $212)

• UBS: Kept “Neutral,” raised target to $234 (from $209)

• Truist: Reiterated “Hold,” bumped target to $210 (from $168)

With strong travel momentum and analyst optimism fueling its latest rally, Expedia appears well-positioned to continue its upward trajectory as one of the biggest beneficiaries of the global travel resurgence.