Mizuho analyst James Lee lowered the firm’s price target on TripAdvisor to $18 from $20 and keeps a Neutral rating on the shares post the Q2 report. The recovery of travel trends remained encouraging, and EBITDA came in largely in-line, the analyst tells investors in a research note. However, Q3 EBITDA margin guidance was below expectations, and management attributed to branded hotel competition and increase investments, says the firm.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on TRIP:
- TripAdvisor: Generative AI travel itinerary feature still in public beta
- TripAdvisor initiates series of actions to reduce costs
- TripAdvisor reports Q2 EPS 34c, consensus 35c
- Tripadvisor, Inc. Earnings Press Release Available on Company’s Investor Relations Site
- TripAdvisor options imply 10.0% move in share price post-earnings
