Wedbush raised the firm’s price target on TripAdvisor to $20 from $17 and keeps a Neutral rating on the shares following quarterly results. TripAdvisor Core beat estimates by 4.7%, as weakness in hotel meta was offset by B2B demand, the firm notes.
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Read More on TRIP:
- TripAdvisor price target raised to $15 from $14 at Barclays
- TripAdvisor sees FY24 adjusted EBITDA dollar growth outpacing revenue growth
- TripAdvisor sees FY23 revenue growth in high teens
- TripAdvisor sees Q4 consolidated revenue growth mid-single digits
- TripAdvisor board has authorized new $250M share repurchase program