Wells Fargo Maintains a 'Market Perform' on TripAdvisor (TRIP); Raising Estimates on Solid Q1 2012 Beat
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Price: $62.06 +0.89%
Rating Summary:
9 Buy, 15 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
Rating Summary:
9 Buy, 15 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
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Wells Fargo maintains a 'Market Perform' on TripAdvisor (NASDAQ: TRIP) price target range increased from $31-34 to $39-41.
Analyst, Peter Stabler, said, "We see multiple positives in the TRIP investment case: expanding marketing opportunity, global infrastructure, engaged consumers, attractive economics, and dominant brand position. Our view tempered by client concentration, uncertainties surrounding growth trajectory, and valuation that we believe adequately reflects company's growth prospects."
"Flowing through results and revising our estimates, we lift FY2012 revenue and EBITDA assumptions by 7% and 6.1%, respectively, to $784.6MM and $332MM from prior $732.6MM and $313MM. Our FY2012 non-GAAP EPS estimate climbs $0.19 to $1.51."
For an analyst ratings summary and ratings history on TripAdvisor click here. For more ratings news on TripAdvisor click here.
Shares of TripAdvisor closed at $36.53 yesterday, with a 52 week range of $0.00-$37.89.
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Analyst, Peter Stabler, said, "We see multiple positives in the TRIP investment case: expanding marketing opportunity, global infrastructure, engaged consumers, attractive economics, and dominant brand position. Our view tempered by client concentration, uncertainties surrounding growth trajectory, and valuation that we believe adequately reflects company's growth prospects."
"Flowing through results and revising our estimates, we lift FY2012 revenue and EBITDA assumptions by 7% and 6.1%, respectively, to $784.6MM and $332MM from prior $732.6MM and $313MM. Our FY2012 non-GAAP EPS estimate climbs $0.19 to $1.51."
For an analyst ratings summary and ratings history on TripAdvisor click here. For more ratings news on TripAdvisor click here.
Shares of TripAdvisor closed at $36.53 yesterday, with a 52 week range of $0.00-$37.89.
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