11:25 AM EDT, 08/08/2025 (MT Newswires) -- Expedia ( EXPE ) provided an "encouraging" guidance after reporting "healthy" Q2 results, with gross bookings and adjusted EBITDA ahead of estimates, Wedbush said in a note Friday.

"Commentary and forward guidance were encouraging relative to consensus expectations," the report said.

The note said the company has seen an uptick in overall travel demand, particularly in the US, since the beginning of July, following a muted US travel market in Q2.

Looking ahead, Wedbush analysts said they continued to see a "balanced" profile due to its outsized exposure to US demand, which has shown the greatest signs of uncertainty and softer consumer spend in the near term.

Wedbush raised its price target on the stock to $220 from $175 while maintaining its neutral rating.

Expedia ( EXPE ) shares were over 5% higher in recent trading.

Price: 196.10, Change: +8.48, Percent Change: +4.52