Tripadvisor PT Raised to $120.00 (TRIP)
Research analysts at Bank of America lifted their price target on shares of Tripadvisor (NASDAQ:TRIP) from $107.00 to $120.00 in a report released on Wednesday. The firm currently has a “buy” rating on the stock. Bank of America’s target price would indicate a potential upside of 14.64% from the company’s current price.
Tripadvisor (NASDAQ:TRIP) opened at 104.68 on Wednesday. Tripadvisor has a one year low of $59.54 and a one year high of $109.79. The stock’s 50-day moving average is $95.29 and its 200-day moving average is $90.01. The company has a market cap of $14.933 billion and a price-to-earnings ratio of 71.59.
Tripadvisor (NASDAQ:TRIP) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.54 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.55 by $0.01. The company had revenue of $281.00 million for the quarter, compared to the consensus estimate of $282.94 million. During the same quarter in the prior year, the company posted $0.50 earnings per share. The company’s quarterly revenue was up 22.7% on a year-over-year basis. On average, analysts predict that Tripadvisor will post $2.19 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at ISI Group initiated coverage on shares of Tripadvisor in a research note on Friday, June 6th. They set a “neutral” rating and a $105.00 price target on the stock. Separately, analysts at SunTrust initiated coverage on shares of Tripadvisor in a research note on Friday, June 6th. They set a “neutral” rating and a $105.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Tripadvisor from $83.00 to $100.00 in a research note on Friday, June 6th. Eight investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $96.48.
TripAdvisor, Inc (NASDAQ:TRIP) is an online travel research company, enabling users to plan and have a trip.
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