TripAdvisor PT Raised to $84.00 (TRIP)
Equities research analysts at Deutsche Bank hoisted their price target on shares of TripAdvisor (NASDAQ:TRIP) to $84.00 in a research note issued to investors on Monday, American Banking & Market News reports. Deutsche Bank’s price objective indicates a potential upside of 16.88% from the stock’s previous close.
TRIP has been the subject of a number of other recent research reports. Analysts at UBS AG raised their price target on shares of TripAdvisor from $62.00 to $78.00 in a research note to investors on Monday, October 14th. They now have a “neutral” rating on the stock. Separately, analysts at McLean Capital Management downgraded shares of TripAdvisor from a “buy” rating to a “neutral” rating in a research note to investors on Friday, October 11th. Finally, analysts at Stifel Nicolaus upgraded shares of TripAdvisor from a “hold” rating to a “buy” rating in a research note to investors on Monday, September 23rd. They now have a $93.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and ten have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $70.71.
TripAdvisor (NASDAQ:TRIP) traded up 2.79% during mid-day trading on Monday, hitting $73.87. 1,592,723 shares of the company’s stock traded hands. TripAdvisor has a one year low of $28.63 and a one year high of $82.19. The stock’s 50-day moving average is $74.51 and its 200-day moving average is $65.22. The company has a market cap of $10.562 billion and a price-to-earnings ratio of 46.88.
TripAdvisor (NASDAQ:TRIP) last released its earnings data on Wednesday, July 24th. The company reported $0.52 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.49 by $0.03. The company had revenue of $246.90 million for the quarter, compared to the consensus estimate of $236.57 million. During the same quarter in the prior year, the company posted $0.41 earnings per share. The company’s quarterly revenue was up 25.2% on a year-over-year basis.
TripAdvisor, Inc (NASDAQ:TRIP) is an online travel research company, enabling users to plan and have a trip.
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