Stock Movers Expedia Rises, Sysco Falls, Viridian Therapeutics Tumbles as Eye Drug’s Efficacy Data Fall Short
Mar 30, 2026
Jefferies' buy upgrades spark rallies in Expedia and Instacart amid AI-related pullback concerns. A major deal shakes the food-distribution sector as Sysco moves to acquire Jetro for roughly $29.1 billion. A biotech stock plunges after late-stage thyroid eye disease efficacy results miss expectations.
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Instacart Positioned For Mid Teens EPS Growth
- Instacart is forecast to deliver at least mid-teens EPS growth going forward per Jefferies.
- That growth case plus lower geopolitical exposure justified the upgrade and a notable intraday share rise.
Buy Pullbacks In Select Internet Stocks
- Consider buying pullbacks in internet stocks after AI-driven fear creates temporary discounts.
- Jefferies upgraded Expedia and Instacart to buy, citing valuation discounts, multi-year EPS growth and lower geopolitical exposure.
Expedia Expected High EPS Growth
- Expedia is expected to grow EPS about 20% annually for the next three years according to analysts.
- That projection underpins Jefferies' upgrade and explains why Expedia trades at a valuation discount when adjusted for growth.