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.
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