Analyst Price Target Update on TripAdvisor (NASDAQ:TRIP)

TripAdvisor (NASDAQ:TRIP): The mean estimate for the short term price target for TripAdvisor (NASDAQ:TRIP) stands at $68.62 according to 13 Analysts. The higher price target estimate for the stock has been calculated at $95 while the lower price target estimate is at $44.

Many analysts have stated their opinion on the company shares. Equity Analysts at the Brokerage Firm, JP Morgan, maintains their rating on the shares of TripAdvisor (NASDAQ:TRIP). JP Morgan has a Neutral rating on the shares. As per the latest research report, the brokerage house lowers the price target to $61 per share from a prior target of $66. The rating by the firm was issued on April 12, 2016. Company shares have received an average consensus rating of Hold for the current week

On the companys insider trading activities,The officer (President, Vacation Rentals) of Tripadvisor, Inc., Halpin Dermot sold 7,026 shares at $66.21 on May 11, 2016. The Insider selling transaction had a total value worth of $465,191. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

TripAdvisor (NASDAQ:TRIP) stock ended Monday session in the red zone in a volatile trading. The stock closed down 1.11 points or 1.65% at $66.11 with 1,579,391 shares getting traded. Post opening the session at $67.02, the shares hit an intraday low of $66.01 and an intraday high of $68.59 and the price was in this range throughout the day. The company has a market cap of $9,633 million and the number of outstanding shares have been calculated to be 145,706,170 shares. The 52-week high of TripAdvisor (NASDAQ:TRIP) is $94 and the 52-week low is $53.48.

TripAdvisor, Inc. (TripAdvisor) owns and operates a portfolio of online travel brands. TripAdvisor, the Companys brand, is a travel Website. The Company operates in two segments: Hotel and Other. Its Other segment consists of three operating segments, which include its vacation rentals, restaurants and attractions businesses. The Companys branded Websites include in the United States and localized versions of the TripAdvisor Website in 45 other countries, including China under the brand, and are offered in 28 languages. It features reviews and opinions on accommodations, including hotels and accommodations and vacation rentals, as well as restaurants and attractions in approximately 147,000 destinations throughout the world. In addition to user-generated content, its Websites feature price comparison tools and links to partner Websites, including travel advertisers, where users can book their travel arrangements.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *