TripAdvisor Given New $92.00 Price Target at Deutsche Bank (TRIP)
Analysts at Deutsche Bank cut their target price on shares of TripAdvisor (NASDAQ:TRIP) from $95.00 to $92.00 in a research report issued to clients and investors on Monday, AnalystRatingsNetwork.com reports. The firm currently has a “buy” rating on the stock. Deutsche Bank’s price objective indicates a potential upside of 19.19% from the company’s current price.
Shares of TripAdvisor (NASDAQ:TRIP) traded down 5.48% during mid-day trading on Monday, hitting $72.9628. The stock had a trading volume of 1,160,460 shares. TripAdvisor has a 52 week low of $42.04 and a 52 week high of $90.43. The stock has a 50-day moving average of $81.97 and a 200-day moving average of $78.23. The company has a market cap of $10.365 billion and a price-to-earnings ratio of 51.32.
TRIP has been the subject of a number of other recent research reports. Analysts at Nomura initiated coverage on shares of TripAdvisor in a research note to investors on Wednesday, January 15th. They set a “buy” rating and a $100.00 price target on the stock. Separately, analysts at Wunderlich downgraded shares of TripAdvisor from a “buy” rating to a “hold” rating in a research note to investors on Tuesday, January 14th. They now have a $60.00 price target on the stock. Finally, analysts at UBS AG raised their price target on shares of TripAdvisor from $78.00 to $88.00 in a research note to investors on Monday, January 13th. They now have a “neutral” rating on the stock. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twelve have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $74.32.
TripAdvisor, Inc (NASDAQ:TRIP) is an online travel research company, enabling users to plan and have a trip.
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