Wells Fargo Sticks to Its Hold Rating for TripAdvisor (TRIP)

In a report released today, Brian Fitzgerald from Wells Fargo maintained a Hold rating on TripAdvisor (TRIPResearch Report), with a price target of $30.00. The company’s shares closed today at $27.26.

Fitzgerald covers the Technology sector, focusing on stocks such as LiveRamp Holdings, Angi, and Take-Two. According to TipRanks, Fitzgerald has an average return of 19.0% and a 57.91% success rate on recommended stocks.

In addition to Wells Fargo, TripAdvisor also received a Hold from BTIG’s Jake Fuller in a report issued on August 8. However, on the same day, J.P. Morgan maintained a Sell rating on TripAdvisor (NASDAQ: TRIP).

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Based on TripAdvisor’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $417 million and a net profit of $31 million. In comparison, last year the company earned a revenue of $235 million and had a GAAP net loss of $40 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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