Stock Movers Expedia's Slide; Lyft's Upgrade; Pinterest Surges
May 9, 2025
Travel giant Expedia is struggling with a reduced outlook due to lower domestic travel demand, projecting only modest growth. Meanwhile, Lyft is riding high after reporting impressive earnings, sparking an upgrade from analysts. Pinterest shares are climbing thanks to a positive revenue forecast and successful use of artificial intelligence. However, Coinbase faces challenges as its revenue misses expectations, even amidst a Bitcoin surge.
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Expedia's Weakened US Travel Outlook
- Expedia's full-year outlook is cut due to weak domestic and inbound travel demand in the U.S. in early 2025.
- Two-thirds of Expedia's business comes from the U.S., intensifying the impact of faltering travel demand.
Lyft's Strong Performance and Upgrade
- Lyft reported surprising first-quarter profit and 16% rides growth.
- Goldman Sachs upgraded Lyft stock to Buy with a $20 target, signaling confidence in its upside.
Pinterest's AI Boosted Revenue Growth
- Pinterest's AI-driven efforts helped beat second-quarter revenue estimates, easing ad slowdown concerns.
- Revenue guidance rose to $960 million-$980 million, showing growth potential despite broader worries.