The technology sector has exploded, and while certain companies have sold off in recent trading days, investors looking to take advantage of such dips have begun to scour the tech sector looking for the best relative “value” among a group of peers which may otherwise be viewed as overvalued.
Concerns about overvaluation aside (and I have many), those believing the technology bull market has only just begun ought to take a look at shares of Expedia Group, Inc. (NASDAQ:EXPE) in this current environment. Trading at a "measly" 45 price to earnings ratio and down more than 30% from a peak seen last year, investors hoping to pick up shares of a company with the potential to rebound quickly could benefit greatly from outperformance in the near-term, with many analysts pointing to concerns about competition as one of the potential headwinds to near-term stock price appreciation.
While competition certainly should be top of mind for investors considering Expedia at these levels, it is important to remember that Expedia has built a massive infrastructure in this space which provides investors with a small measure of security over the long-term. With travel spending expected to continue to grow globally at a higher rate than many other sectors, growth for companies like Expedia from emerging markets, as well as the ability to generate additional value from supply chain relationships, is likely to allow Expedia to continue to leverage its existing footprint further in the long-term.
Invest wisely, my friends.
Tech Insider
