Cantor Fitzgerald Lifts Expedia Target (EXPE) to $200, Sees Steady Demand

Expedia Group, Inc. (NASDAQ:EXPE) is one of the top stocks sold by hedge funds. On July 23, Cantor Fitzgerald maintained a Neutral rating on EXPE and lifted the price target to $200 from $170.

The research firm expects Expedia’s gross bookings for Q2 2025 to grow by 4% compared to last year, or 3% if foreign exchange effects are ignored. This is better than their earlier forecast of -2% to 4% growth. However, room night growth is expected to slow down by about 2%, reaching 4% year-over-year.

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Cantor Fitzgerald expects B2C revenues to rise slightly by 1% year-over-year as consumer demand shows signs of stabilizing. B2B revenues are projected to grow more strongly at 13% year-over-year. The firm also predicts that EBITDA margins will improve by 90 basis points to reach 23%, which is close to the top of its earlier forecast.

The investment firm expects total bookings to grow by 5% year-over-year in Q3 2025, or 3% without the impact of foreign exchange. This is a bit higher than the general market forecast of 3%. Room night growth is also predicted to rise to 5%, up by 1%, primarily because of stronger demand in the B2C segment.

Cantor expects Expedia to stick to its full-year 2025 revenue growth forecast of 2% to 4% compared to last year, helped by steady demand and good exchange rates. The firm also thinks the company will keep its target of growing EBITDA margins by 75 to 100 basis points for the year.

Expedia Group, Inc. (NASDAQ:EXPE) is a global online travel company operating through B2C, B2B, and Trivago segments, offering services like hotel bookings, vacation rentals, and travel tech solutions.

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