Shares of TripAdvisor (NASDAQ: TRIP) were up in morning trading on Wednesday after Bank of America top-rated analyst Nat Schindler double upgraded the stock to a Buy from a Sell.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
The analyst has a price target of $38 on the stock, implying an upside potential of 57.2% at current levels.
Schindler commented, “We think that TRIP’s Viator is making strong inroads in an otherwise underpenetrated online Experience booking market. We remain cautious on meta-search growth, but inflation led customer price sensitivity could be an advantage. Core TRIP remains a cash cow that while not a significant grower over time can both fund and drive customers to high growth Viator.”
TRIP is expected to announce its calendar Q4 results on February 14.
Besides Schindler, other analysts remain sidelined about TRIP stock with a Hold consensus rating based on three Buys, six Holds, and three Sells.
