Expedia (EXPE) Stock Price Target Raised at RBC Capital Markets, Cantor Fitzgerald - TheStreet

NEW YORK (TheStreet) -- Expedia (EXPE) - Get Report stock price target was hiked to $180 from $170 at RBC Capital Markets and to $150 from $140 at Cantor Fitzgerald on Friday morning, following the company's 2015 third quarter earnings beat.

Cantor Fitzgerald reiterated its "buy" rating on the stock, and RBC reiterated its "outperform" rating.

Expedia posted "another intrinsically strong" third quarter earnings report, with management upping its 2015 earnings growth guide, RBC notes. 

The earnings report indicates strong growth in room nights stayed, broadening property selection and higher expectations for accretion from its Orbitz acquisition, Cantor Fitzgerald adds.

The online travel company reported a profit of $2.07 on revenue of $1.94 billion for the most recent quarter. Analysts had expected earnings of $2 per share share on revenue of $1.96 billion.

Shares of Expedia are spiking by 7.98% to $137.20 in mid-morning trading. 

Separately, TheStreet Ratings team rates EXPEDIA INC as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:

We rate EXPEDIA INC (EXPE) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth and notable return on equity. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

You can view the full analysis from the report here: EXPE

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