Analyst Worried Macro Issues Are Affecting Tripadvisor Inc (TRIP)

Analyst Michael Olson from Piper Jaffray reiterated his Overweight rating for Tripadvisor Inc (NADAQ:TRIP) with a price target of $90, marking a 29.5% increase from current levels. This rating came after the company reported second quarter results that were below consensus. Revenue and EBITDA were 3% and 8% below expectations, respectively. The positives were, “gains in user conversion rates, repeat rates and monetization rates.” On the other hand, the macro environment indicates a level of caution for the rest of the year. The rollout of Instant Book, IB, has not been easy due to these macro conditions. Nonetheless, Olson believes that the trajectory is getting better and that it will lead to “ a higher hotel shipper monetization rate and create stronger long-term economics for the company.”

According to TipRanks, Olson has a success rate of 63% with an average return of 7.8% per recommendation

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts