In a report published Thursday, Deutsche Bank analyst Lloyd Walmsley reiterated a Buy rating on TripAdvisor TRIP, but lowered the price target from $84.00 to $82.00.
In the report, Deutsche Bank noted, “TripAdvisor reported in-line 3Q results with CPC revenue increasing 12.7% Y/Y, in range of buy-side expectations but slightly lighter than the Street. Hotel shopper growth continues to be strong at +37% Y/Y despite a small deceleration. The guide-down was largely expected and the outlook ahead appears better positioned to surprise to the upside from (1) TV spend kicking in, (2) improved mobile monetization, (3) meta improvement / lapping comps, and (4) TripConnect ramping.”
TripAdvisor closed on Wednesday at $75.21.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in