Benchmark Co. Boosts Price Target on TripAdvisor (TRIP)
Equities researchers at Benchmark Co. boosted their target price on shares of TripAdvisor (NASDAQ: TRIP) from $31.00 to $39.00 in a report issued on Wednesday. The firm currently has a “hold” rating on the stock.
Shares of TripAdvisor opened at 42.63 on Wednesday. TripAdvisor has a one year low of $23.99 and a one year high of $44.46. The company has a market cap of $5.712 billion and a P/E ratio of 32.30.
The company last announced its quarterly results on Tuesday, May 1st. It reported $0.35 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.30 EPS by $0.05. The company’s quarterly revenue was up 92.8% on a year-over-year basis. On average, analysts predict that TripAdvisor will post $0.40 earnings per share next quarter.
Several other analysts have also recently commented on the stock. Analysts at Capstone Investments upgraded shares of TripAdvisor from a “sell” rating to a “hold” rating in a research note to investors on Wednesday. Separately, analysts at Wells Fargo & Co. (NYSE: WFC) initiated coverage on shares of TripAdvisor in a research note to investors on Wednesday, April 18th. They set a “market perform” rating on the stock. Finally, analysts at Pacific Crest initiated coverage on shares of TripAdvisor in a research note to investors on Monday, April 9th. They set a “sector perform” rating on the stock.
TripAdvisor, Inc. (TripAdvisor) is an online travel research company, enabling users to plan and have a trip.