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Fly News Breaks for February 18, 2020
TRIP
Feb 18, 2020 | 09:44 EDT
DA Davidson analyst Tom White lowered his price target on TripAdvisor to $36 after its Q4 results, saying its revenue declined 6% with continued hotel auction headwinds even as the company lapped the bulk of marketing optimizations. The analyst still keeps his Buy rating on the stock and believes that TripAdvisor is making tangible progress towards improving its revenue quality and resilience by diversifying away from hotel auction revenues. White adds that this "evolution will take time", but it is "solidly underway".
News For TRIP From the Last 2 Days
TRIP
Apr 13, 2021 | 07:10 EDT
Jefferies analyst Brent Thill raised the firm's price target on TripAdvisor to $29 from $24 and keeps an Underperform rating on the shares as he sees increasing signs of pent-up travel demand. Thill thinks the rest of the world will catch up with the U.S. on vaccination levels and global travel will rebound by the second half of 2021, he tells investors.