Citi Raised the Firm's PT on Expedia Group (EXPE), Kept a Neutral Rating

Expedia Group, Inc. (NASDAQ:EXPE) is one of the Undervalued Cyclical Stocks to Buy According to Hedge Funds. On August 13, Citi raised the firm’s price target on Expedia Group, Inc. (NASDAQ:EXPE) from $177 to $206, while keeping a Neutral rating on the stock.

The improved sentiment follows the company’s strong second-quarter results for 2025. The company delivered $3.79 billion, up 6.41% year-over-year and ahead of estimates by $76.04 million. The EPS of $4.24 also beat expectations by $0.11. The analyst noted Expedia Group, Inc. (NASDAQ:EXPE) delivered better than expected results with gross bookings 2% above consensus, driven by a 7% increase in room nights. The firm also noted an improved demand from the US in July, which benefited the company.

Expedia Group, Inc. (NASDAQ:EXPE) is an online travel company offering a wide range of travel services through consumer brands like Expedia.com, Hotels.com, Vrbo, and others.

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Disclosure: None. This article is originally published at Insider Monkey.