Goldman Sachs Starts TripAdvisor (TRIP) at Neutral; Leading Destination, but Competition Increasing
Tweet
Share
E-mailGet Alerts TRIP Hot Sheet
Price: $10.74 -2.1%
Rating Summary:
9 Buy, 31 Hold, 9 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
9 Buy, 31 Hold, 9 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Join SI Premium – FREE
Goldman Sachs initiates coverage on TripAdvisor (NASDAQ: TRIP) with a Neutral. PT $29.00.
Goldman analyst says, "TripAdvisor is the Internet’s leading destination for travel content, reviews, and info. TripAdvisor continues to see strong traffic growth and monetization improvements, but we see those strengths somewhat offset by the risk from the company’s reliance on search engines for traffic, more limited opportunities for future monetization improvements, and increasing competition (from Google (Nasdaq: GOOG) etc.). Therefore, TRIP’s risk/reward profile is relatively balanced, in our opinion."
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 $29.51 yesterday.
Goldman analyst says, "TripAdvisor is the Internet’s leading destination for travel content, reviews, and info. TripAdvisor continues to see strong traffic growth and monetization improvements, but we see those strengths somewhat offset by the risk from the company’s reliance on search engines for traffic, more limited opportunities for future monetization improvements, and increasing competition (from Google (Nasdaq: GOOG) etc.). Therefore, TRIP’s risk/reward profile is relatively balanced, in our opinion."
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 $29.51 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Google execs convened 'all-hands' meeting last week to address AI unit reorganizations amid staff concerns - Reuters
- Waymo wins California approval to expand ride-hailing service
- BofA Securities Resumes American Eagle Outfitters (AEO) at Underperform
Create E-mail Alert Related Categories
New CoverageSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
