On July 30, Expedia rose 5.12% in regular trading, trading at $310.92/share, with turnover of $373 million. The rally was driven by a wave of Wall Street price target upgrades combined with approaching earnings catalysts.

Multiple institutions have recently raised their price targets on Expedia: Goldman Sachs lifted its target to $330 maintaining a Buy rating, Argus Research raised to $315, Jefferies increased to $310 with a Buy rating, and Baird adjusted to $294 maintaining an Outperform rating. The company is scheduled to report earnings on August 5, with market consensus expecting EPS of $4.77. In the prior quarter, Expedia delivered EPS of $1.96, beating estimates by 42%, while issuing full-year margin expansion guidance that further bolstered investor confidence heading into the reporting period.

Within the Hotels, Resorts & Cruise Lines sector, Booking Holdings rose 2.35%, Airbnb gained 1.10%, Royal Caribbean Cruises advanced 0.62%, Hilton slipped 0.01%, and Carnival declined 0.78%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)