TripAdvisor price target raised to $30 from $27 at Ascendiant

Ascendiant raised the firm’s price target on TripAdvisor to $30 from $27 and keeps a Buy rating on the shares. The analyst believes traveling and the travel industry has “returned back to normal and will continue to grow stronger.” TripAdvisor, as one of the world’s largest travel website, is in good position to capture a significant share of the economics within the travel industry, the analyst tells investors in a research note. The firm says execution of TripAdvisor’s long term plan, unlocking strategic value, rebounding of the travel industry, and a positive long-term growth outlook bodes well for its share price to increase longer term.