Expedia (EXPE) is having an epic summer. Shares have climbed 18% in the last three months, and the company showed strength in July domestic air travel and hotel room bookings, according to a research note from Jake Fuller, an analyst at FBR Capital Markets who has a price target of $95 on the stock. August is also looking pretty good.
The company continues to show solid revenue growth despite competition from rivals such as Princeline (PCLN).
Fuller notes there are concerns that smaller mobile travel start-ups could eat into market share. It seems like Wall Street is taking a "wait and see" approach -- 46% have a "hold" rating on the stock.
