Goldman Sachs analyst Benjamin Miller CFA has maintained their bullish stance on TRIP stock, giving a Buy rating on March 21.
Benjamin Miller CFA has given his Buy rating due to a combination of factors influencing TripAdvisor’s potential for growth and profitability. The upcoming Special Meeting of Stockholders for Liberty TripAdvisor Holdings, Inc. presents an opportunity for a strategic shift that could enhance shareholder value. The focus is expected to move towards fundamental business drivers, particularly the growth and margin progression of Viator, which is TripAdvisor’s bookable Experiences OTA brand.
Viator is positioned as a key player in the Global Experiences market, which is projected to grow significantly. TripAdvisor has identified the Experiences category as a strategic and financial focal point, with Viator expected to drive a substantial portion of the company’s incremental revenue and adjusted EBITDA between 2024 and 2027. The online Experiences market is anticipated to reach $150 billion by 2030, benefiting from secular growth trends. Viator’s profitability is also projected to improve, with adjusted EBITDA margins increasing from 4% in 2024 to 12% in 2027. These factors contribute to the optimistic outlook for TripAdvisor’s stock.
In another report released on March 21, Bernstein also maintained a Buy rating on the stock with a $21.00 price target.