Expedia raises price target after strong Q2 with 14% revenue growth and raised full-year forecast.

Expedia Group reported strong Q2 2026 results with a 12% increase in gross bookings, 14% revenue growth, and $1.10 billion in adjusted EBITDA, up 23% year-over-year. The company’s B2B segment grew for the 20th consecutive quarter, and consumer bookings rose 8%, driven by AI-powered personalization. Following these results, Expedia raised its full-year revenue forecast to $16.05-$16.22 billion, up from the previous range. Despite the positive outlook, some analysts warn the stock may be overvalued compared to its fundamental value.