UBS raised the firm’s price target on TripAdvisor (TRIP) to $27 from $21 and keeps a Neutral rating on the shares. TripAdvisor reported better-than-expected revenue growth and higher margins for Viator, which should provide an incremental reason to believe in management’s goal of driving growth and profitability in the segment, the analyst tells investors in a research note. The firm believes TripAdvisor shares could show greater headline-driven volatility as the Liberty TripAdvisor (LTRPA) process continues.
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Read More on TRIP:
- Tripadvisor (NASDAQ:TRIP) Rises on Impressive Q4 Outing
- TripAdvisor says experiences now delivering more than 40% of total revenue
- Tripadvisor, Inc. Earnings Press Release Available on Company’s Investor Relations Site
- TripAdvisor reports Q4 EPS 38c, consensus 22c
- TripAdvisor options imply 7.7% move in share price post-earnings
