.jpg "TripAdvisor Inc (NASDAQ: TRIP)")
In a report released today, Naved Khan from SunTrust Robinson maintained a Hold rating on TripAdvisor Inc (TRIP), with a price target of $60. The company’s shares opened today at $45.81, close to its 52-week low of $42.01.
Khan said:
“We’re updating our estimates to reflect 1Q results and mgt’s outlook. We continue to expect double-digit EBITDA growth in FY19. While NT growth in core Hotel is likely to remain pressured by TRIP’s ad cuts, we believe that fundamentals should continue to stabilize.”
According to TipRanks.com, Khan is a 5-star analyst with an average return of 21.1% and a 69.3% success rate. Khan covers the Technology sector, focusing on stocks such as Endurance International, Wix.com Ltd, and trivago NV.
Currently, the analyst consensus on TripAdvisor Inc is a Hold with an average price target of $57.73.
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TripAdvisor Inc’s market cap is currently $6.35B and has a P/E ratio of 48.02. The company has a Price to Book ratio of 4.23.
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TripAdvisor, Inc. is an online travel company, which owns and operates a portfolio of online travel brands. It operates its business through the Hotel and Non-Hotel segments.
