Baird Increases Target Price on Expedia (EXPE) to $282, Following Q4 Earnings Beat

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Baird has raised its target price for Expedia (EXPE) to $282, up from $280, while maintaining an Outperform rating. This adjustment follows Expedia’s stronger-than-expected Q4 2025 earnings, which saw a significant increase in adjusted net income and diluted EPS driven by double-digit lodging gross booking growth, particularly in the B2B segment, and improved cost efficiency.

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