Expedia Group stock faces a lower Wells Fargo target

Published on 10/08/2026 at 04:28 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Expedia Group stock faces a Wells Fargo target cut from USD 307 to USD 275 on October 7, 2026. Q2 revenue rose 14 percent to USD 4.32 billion.

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Expedia Group stock (ISIN US30212P3038) closed at USD 258.86 on Nasdaq on October 7, 2026, down 0.47 percent. Wells Fargo lowered its target from USD 307 to USD 275 while keeping an Equal Weight rating, as Investing.com reported on October 7, 2026.

Wells Fargo cuts target to USD 275

Wells Fargo reduced its third-quarter lodging bookings growth estimate by 2 percentage points to 6.1 percent year over year, citing softer U.S. average daily rate trends and weaker data from the Expedia and Vrbo apps.

The firm expects third-quarter adjusted EBITDA of USD 1.555 billion against company guidance of USD 1.51 billion-USD 1.56 billion. Its forecast also places third-quarter margin at 32.8 percent, while full-year bookings guidance remains unchanged.

Q2 growth meets a tougher outlook

Expedia's second-quarter 2026 revenue rose 14 percent year over year to USD 4.32 billion, while adjusted EBITDA increased 23 percent to USD 1.1 billion. The figures and management outlook were discussed in the Fortune transcript of the August 5, 2026 earnings call.

Management raised full-year 2026 revenue guidance to USD 16.05 billion-USD 16.22 billion, representing growth of 9 percent-10 percent. Third-quarter revenue guidance stands at USD 4.65 billion-USD 4.75 billion, indicating that the near-term growth profile is slower than the second-quarter result.

The analyst backdrop is mixed. MarketBeat reported a Hold consensus from 40 analysts, with an average target of USD 315.24. That target lies 21.8 percent above the October 7 price of USD 258.86.

Stock sits below yearly high

Expedia Group stock closed at USD 258.86 on Nasdaq on October 7, 2026, with a market capitalization of USD 29.6 billion and a 52-week range of USD 185.34 to USD 342.00. The close was 24.3 percent below the yearly high.