Wall Street

Expedia Group: Recovering with the Travel Industry

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ValueWalk

Expedia Group (NASDAQ:EXPE) was one of the hardest-hit companies due to the coronavirus pandemic and has only very recently seen a respite in its gross bookings and revenues. In February 2021 the company’s revenues dropped 57% due to international travel restrictions and lockdowns. The stock has done well to reverse its course back towards positive earnings and has made significant gains in its top and bottom lines. Expedia is currently down 29.44% YTD and trades 38% below the MarketBeat consensus price target. As travel restrictions continue to ease throughout FY 2022 Expedia looks set to mak…

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