Oppenheimer Reaffirms Their Hold Rating on TripAdvisor (TRIP)
In a report released today, Jed Kelly from Oppenheimer maintained a Hold rating on TripAdvisor (TRIP). The company’s shares closed last Tuesday at $20.11.
According to TipRanks.com, Kelly is a 5-star analyst with an average return of 11.8% and a 49.3% success rate. Kelly covers the Technology sector, focusing on stocks such as Paypal Holdings, Black Knight, and Corelogic.
Currently, the analyst consensus on TripAdvisor is a Moderate Buy with an average price target of $21.36, a 15.8% upside from current levels. In a report issued on June 11, BTIG also initiated coverage with a Hold rating on the stock.
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Based on TripAdvisor’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $278 million and GAAP net loss of $16 million. In comparison, last year the company earned revenue of $376 million and had a net profit of $26 million.
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TripAdvisor, Inc. is an online travel company, which owns and operates a portfolio of online travel brands. It operates through the following segments: Hotels, Media and Platform, and Experiences and Dining. The Hotels, Media and Platform segment provides contextually-relevant booking links to travel partners on websites. The Experiences and Dining segment provides information and services that allow consumers to research and book activities and attractions in popular travel destinations both through Viator, website and mobile apps. The company was founded by Nicholas Shanny and Stephen Kaufer in February 2000 and is headquartered in Needham, MA.
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