In a report released on August 5, Mario Lu from Barclays maintained a Sell rating on TripAdvisor (TRIP – Research Report), with a price target of $22.00. The company’s shares closed last Friday at $23.86.
According to TipRanks, Lu is an analyst with an average return of -14.3% and a 33.77% success rate. Lu covers the Technology sector, focusing on stocks such as Match Group, Duolingo, and Spotify Technology SA.
In addition to Barclays, TripAdvisor also received a Sell from Jefferies’s John Colantuoni in a report issued on August 2. However, on August 1, UBS maintained a Hold rating on TripAdvisor (NASDAQ: TRIP).
Based on TripAdvisor’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $262 million and a GAAP net loss of $34 million. In comparison, last year the company earned revenue of $123 million and had a GAAP net loss of $80 million
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TripAdvisor, Inc. is an online travel company, which owns and operates a portfolio of online travel brands. It operates through the following segments: Hotels, Media and Platform, and Experiences and Dining. The Hotels, Media and Platform segment provides contextually-relevant booking links to travel partners on websites. The Experiences and Dining segment provides information and services that allow consumers to research and book activities and attractions in popular travel destinations both through Viator, website and mobile apps. The company was founded by Nicholas Shanny and Stephen Kaufer in February 2000 and is headquartered in Needham, MA.
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