Jefferies Group Increases Tripadvisor Price Target to $80.00 (TRIP)
Analysts at Jefferies Group hoisted their price objective on shares of Tripadvisor (NASDAQ:TRIP) from $67.00 to $80.00 in a research report issued to clients and investors on Thursday, Stock Ratings Network.com reports. Jefferies Group’s target price indicates a potential downside of 11.38% from the stock’s previous close.
Tripadvisor (NASDAQ:TRIP) last released its earnings data on Tuesday, February 11th. The company reported $0.21 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.21. The company had revenue of $212.70 million for the quarter, compared to the consensus estimate of $205.80 million. During the same quarter in the prior year, the company posted $0.29 earnings per share. The company’s quarterly revenue was up 25.6% on a year-over-year basis.
Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. upgraded shares of Tripadvisor to an “outperform” rating in a research note on Thursday. They now have a $73.00 price target on the stock, up previously from $71.00. Separately, analysts at UBS AG cut their price target on shares of Tripadvisor from $88.00 to $86.00 in a research note on Wednesday. They now have a “neutral” rating on the stock. They noted that the move was a valuation call. Finally, analysts at Goldman Sachs raised their EPS on shares of Tripadvisor in a research note on Wednesday. They now have a “neutral” rating and a $78.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have issued a buy rating to the company. Tripadvisor currently has a consensus rating of “Hold” and an average target price of $78.68.
TripAdvisor, Inc (NASDAQ:TRIP) is an online travel research company, enabling users to plan and have a trip.
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