SunTrust Robinson Sticks to Their Hold Rating for TripAdvisor Inc (TRIP)


SunTrust Robinson analyst Naved Khan maintained a Hold rating on TripAdvisor Inc (TRIP) today and set a price target of $66. The company’s shares opened today at $59.71.

Khan wrote:

“We expect TRIP to report inline results on Tue. 2/12 AMC, with improving growth in the Hotels segment and strong growth in non-Hotels (helped by strength in Attractions and Restaurants). We expect to see progress on mobile shopper monetization but view the ongoing audience mix-shift to mobile and continued pull back by TRIP on marketing spend as headwinds to 4Q Hotel revenue growth. The read-through from TRVG and EXPE is positive for TRIP, in our view, and we believe trends in key business metrics and mgt’s commentary on 2019 outlook will be key to the stock NT. We maint. our HOLD/$66 PT. Expectations for 4Q. We expect $342.5M (+6.7% Y/Y) in revs and $80.1M in EBITDA, inline with consensus’ $342.9M/$80.4M. We expect flattish growth in hotel segment revenue and healthy mid-20s growth in non-Hotels. Positive read-through from TRVG, (Hold, Khan) and EXPE (Buy, Khan).”

According to TipRanks.com, Khan is a 5-star analyst with an average return of 20.2% and a 76.1% success rate. Khan covers the Technology sector, focusing on stocks such as Wix.com Ltd, Yext Inc, and TrueCar.

Currently, the analyst consensus on TripAdvisor Inc is a Hold with an average price target of $59.25, implying a -0.8% downside from current levels. In a report issued on February 6, Oppenheimer also assigned a Hold rating to the stock.

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Based on TripAdvisor Inc’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $458 million and net profit of $69 million. In comparison, last year the company earned revenue of $321 million and had a GAAP net loss of $84 million.

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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.

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