Ascendiant Capital Maintains Buy Rating for TripAdvisor: Here's What You Need To Know

TripAdvisor, Inc. -1.00%

TripAdvisor, Inc.

TRIP

26.74

-1.00%

Ascendiant Capital has decided to maintain its Buy rating of TripAdvisor (NASDAQ:TRIP) and raise its price target from $27.00 to $30.00.

Shares of TripAdvisor are trading up 0.73% over the last 24 hours, at $21.48 per share.

A move to $30.00 would account for a 39.63% increase from the current share price.

About TripAdvisor

Tripadvisor is the world's leading travel metasearch company. Its platform offers 1 billion reviews and information on about 8 million accommodations, restaurants, experiences, airlines, and cruises. In 2022, 65% of revenue came from the company's core segment, which includes hotel revenue generated through advertising on its metasearch platform. Viator, its experiences brand, was 33% of sales in 2022, and TheFork, its dining brand, represented 8% of revenue (about 6% of sales were intersegment, which are eliminated from consolidated revenue).

About Analyst Ratings

Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.

Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along with analyst success scores in Benzinga Pro.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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