Online travel stocks: Expedia upgraded at Piper Sandler while Airbnb is cut due to valuation
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Piper Sandler updates ratings in the online travel sector after taking in the latest trends.
"While recent news centers on Omicron, weâd recommend online travel investors focus on the broader canvas since 2Q20. A methodical (if non-linear) travel recovery appears underway. Our look at the data suggests the following: 1) â22 will likely turn out better than â21, and 2) travelers are returning to traditional lodging and air."

Amid the normalization backdrop, Piper upgrades Expedia (NASDAQ:EXPE) to an Overweight rating, but moves to a Neutral rating on Airbnb (NASDAQ:ABNB) due chiefly to valuation. "ABNB remains a top-tier asset, but we believe the setup looks less favorable into â22," notes analyst Thomas Champion.
Shares of Expedia (EXPE) are up 0.66% premarket, while ABNB is down 3.39%.
Compare Expedia and Airbnb side by side.