Citi resumed coverage of TripAdvisor (TRIP) with a Neutral rating and $16 price target after a period of having the firm’s rating suspended. While “encouraged” with continued growth at Viator, improving revenue declines at the Tripadvisor brand and a more streamlined ownership structure following the transaction with Liberty Tripadvisor, the firm views the risk/reward as balanced at current levels given more limited near-term visibility due to macro uncertainty, the analyst tells investors.
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Read More on TRIP:
- TripAdvisor price target raised to $13 from $11 at JPMorgan
- TripAdvisor Faces Structural Challenges and Under-Monetization Despite Growth in Viator and TheFork
- TripAdvisor price target raised to $16 from $15 at UBS
- TripAdvisor price target raised to $15 from $13 at Wedbush
- TripAdvisor’s Growth Potential: Strong EBITDA Performance and Strategic Opportunities