Wedbush analyst Scott Devitt raised the firm’s price target on TripAdvisor (TRIP) to $15 from $13 and keeps a Neutral rating on the shares. The firm notes Tripadvisor reported strong Q1 results with revenue and adjusted EBITDA ahead of consensus. Wedbush further points out that Q2 guidance was ahead of expectations, and importantly, management reiterated their full-year outlook after observing healthy trends quarter-to-date.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TRIP:
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue