TripAdvisor just upgraded at BTIG, here’s why

BTIG analyst Jake Fuller upgraded TripAdvisor to Buy from Neutral with a $25 price target. The company has a new management in place, metasearch no longer a majority of the business and an emerging tours and activities booking engine is “rising to the fore,” the analyst tells investors in a research note. The firm says TripAdvisor’s ongoing challenges in metasearch should be more than offset by growth at Viator and TheFork. It sees low-double-digit sales growth and high-teens EBITDA growth an views the stock’s valuation as “appealing.”