5 Best Cruise Stocks To Buy Right Now

2. Expedia Group, Inc. (NASDAQ:EXPE)

Number of Hedge Fund Holders: 88

Expedia Group, Inc. (NASDAQ:EXPE) is not a pure-play in the cruise industry, much like the Walt Disney Company (NYSE:DIS). However, the company provides exposure to the cruise industry as it deals in providing cruise packages to customers through its online travel platform.

Expedia Group, Inc.’s (NASDAQ:EXPE) cruise division has 100 employees in Vancouver, Canada. The company is also looking to expand its services in Asia and Europe. Although Caribbean cruises still generates a significant amount of revenue, river cruises are also gaining momentum across Asia.

On June 28, Thomas Champion at Piper Sandler gave Expedia Group, Inc. (NASDAQ:EXPE) an ‘Overweight’ rating with a target price of $155. The analyst sees the business-to-business (B2B) division of Expedia Group, Inc. (NASDAQ:EXPE) generating strong growth and achieving $5 billion in sales by 2027, following the comments made by Expedia’s management during the Explore’22 Conference.

Aristotle Capital Management shared its stance on Expedia Group, Inc. (NASDAQ:EXPE) in its Q1 2022 investor letter. Here’s what the firm said:

“Expedia outperformed in the first quarter following a better-than-expected earnings report for the company’s fourth quarter of 2021. During the pandemic, the company reduced expenses which has improved operating leverage as revenue recovers. Expectations for travel in 2022 have improved as COVID cases have declined.”