Ascendiant Capital Maintains Buy Rating for TripAdvisor: Here's What You Need To Know

Ascendiant Capital has decided to maintain its Buy rating of TripAdvisor TRIP and raise its price target from $27.00 to $30.00.

Shares of TripAdvisor are trading up 0.73% over the last 24 hours, at $21.48 per share.

A move to $30.00 would account for a 39.63% increase from the current share price.

About TripAdvisor

Tripadvisor is the world's leading travel metasearch company. Its platform offers 1 billion reviews and information on about 8 million accommodations, restaurants, experiences, airlines, and cruises. In 2022, 65% of revenue came from the company's core segment, which includes hotel revenue generated through advertising on its metasearch platform. Viator, its experiences brand, was 33% of sales in 2022, and TheFork, its dining brand, represented 8% of revenue (about 6% of sales were intersegment, which are eliminated from consolidated revenue).

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This article was generated by Benzinga's automated content engine and reviewed by an editor.