Editor’s note: TipRanks is a tech company that ranks analysts and financial bloggers based on their picks’ performance. The goal of this piece is to highlight an analyst who has a great track record, rather than the ones from the biggest firms.
One of Wall Street’s best analysts says investors should buy Expedia due to the company’s strong growth outlook.
Mark Mahaney of RBC Capital is ranked in the top 10 of all analysts on Wall Street for his stock-picking acumen, according to TipRanks. His picks have a 60 percent success rate with an 18.1 percent average one-year return.
Expedia highlighted its long-term game plan at an investor day Wednesday, leading Mahaney to reiterate an “outperform” rating on the stock with a $165 price target, marking a more than 40 percent potential upside from current levels.
Here’s why the analyst is bullish on the stock.