Truist keeps a Hold rating on TripAdvisor with an $18 price target following last night’s Q4 report. While the results from “closed door” negotiations between TripAdvisor’s special committee and Liberty Trip Advisor (LTRPA) will likely determine the share price in the next several months, the strong Q4 results “should bump-up what shares are worth,” the analyst tells investors in a research note. The firm says no forward earnings guidance was provided, only color on the timing of previously announced cost savings and one-time charges related to the ongoing cost savings.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on TRIP:
- Tripadvisor (NASDAQ:TRIP) Rises on Impressive Q4 Outing
- Tripadvisor, Inc. Earnings Press Release Available on Company’s Investor Relations Site
- Tripadvisor (NASDAQ:TRIP) Soars as Special Committee Explores Deal Proposals
- TripAdvisor price target raised to $25 from $18 at TD Cowen
- TripAdvisor committee shows takeover offer credible, says BTIG
