Mizuho analyst James Lee raised the firm’s price target on TripAdvisor to $25 from $22 and keeps a Neutral rating on the shares. The company’s revenue and EBITDA beat expectations due to a better than anticipated recovery in travel, the analyst tells investors in a research note. In fiscal 2023, TripAdvisor sees mid-teen sales growth with stable margins as the company looks to invest in product and marketing, says the firm.
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Published first on TheFly
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