TripAdvisor (TRIP) PT Raised to $48 at RBC Capital
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Price: $10.40 +1.66%
Rating Summary:
9 Buy, 31 Hold, 9 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 9 | New: 16
Rating Summary:
9 Buy, 31 Hold, 9 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 9 | New: 16
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RBC Capital raised its price target on TripAdvisor (NASDAQ: TRIP) to $48.00 (from $45.00) while maintaining a Sector Perform rating.
Analyst Mark Mahaney notes Q1 Revenue & EBITDA results were solidly above RBC & Street, thanks to monetization improvements in Hotel segment & accelerating strength in non-Hotel segment.
Mahaney said while TRIP is not TRVG, it's NOT BKNG either.
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