TripAdvisor Inc (TRIP) Gets a Hold Rating from Wells Fargo


Wells Fargo analyst Peter Stabler maintained a Hold rating on TripAdvisor Inc (NASDAQ: TRIP) today and set a price target of $48. The company’s shares opened today at $51.18.

Stabler noted:

“We believe the deceleration in non-Hotel revenue growth contributed to negative share sentiment today. Mgmt noted underlying bookings growth for the segment remains stable and that difficult year-ago comps (+31% in 2Q’17) and timing issues impacted revenues, noting that on a two-year stacked basis, growth progression was more logical. Additional mention was made of significant investments behind the segment, offsetting marketing efficiency actions. In particular, mgmt called out the expansion of 24-hour cancellation windows, increased supply, and further globalization. For the full year, mgmt reaffirmed goal of posting non-hotel revenue growth comparable to for both).”

According to TipRanks.com, Stabler is a 5-star analyst with an average return of 30.7% and a 80.9% success rate. Stabler covers the Technology sector, focusing on stocks such as ANGI Homeservices Inc, IAC/InterActiveCorp, and Match Group Inc.

TripAdvisor Inc has an analyst consensus of Hold, with a price target consensus of $46.86, representing a -8.4% downside. In a report issued on July 30, Oppenheimer also maintained a Hold rating on the stock.

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The company has a one-year high of $62.36 and a one-year low of $29.50. Currently, TripAdvisor Inc has an average volume of 2.81M.

Based on the recent corporate insider activity of 44 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of TRIP in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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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