Reported 2 months ago
Expedia's CEO Ariane Gorin alerted investors about a decline in travel demand and weak bookings for summer, prompting analysts to alter their stock price targets. Despite a challenging environment, Expedia's second-quarter earnings showed positive growth, leading to some analysts increasing their price targets. However, concerns about the overall travel trends remain, with Expedia now projecting lower growth expectations for third-quarter bookings and revenue.
Source: YAHOO