Tripadvisor Price Target Increased to $100.00 by Analysts at Susquehanna (TRIP)
Stock analysts at Susquehanna lifted their price objective on shares of Tripadvisor (NASDAQ:TRIP) from $91.00 to $100.00 in a report issued on Wednesday. The firm currently has a “neutral” rating on the stock. Susquehanna’s price target suggests a potential downside of 4.00% from the company’s current price.
Shares of Tripadvisor (NASDAQ:TRIP) opened at 104.17 on Wednesday. Tripadvisor has a one year low of $60.41 and a one year high of $111.24. The stock’s 50-day moving average is $104.2 and its 200-day moving average is $93.15. The company has a market cap of $14.860 billion and a P/E ratio of 71.08.
Tripadvisor (NASDAQ:TRIP) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.54 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $0.50 earnings per share. The company’s revenue for the quarter 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.
TRIP has been the subject of a number of other recent research reports. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Tripadvisor in a research note on Wednesday, July 16th. They now have a $122.00 price target on the stock. Separately, analysts at Credit Suisse raised their price target on shares of Tripadvisor from $105.00 to $125.00 in a research note on Monday, July 14th. They now have an “outperform” rating on the stock. Finally, analysts at ISI Group initiated coverage on shares of Tripadvisor in a research note on Monday, July 14th. They set a “hold” rating and a $62.30 price target on the stock. Ten equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $97.50.
TripAdvisor, Inc (NASDAQ:TRIP) is an online travel research company, enabling users to plan and have a trip.
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