UPDATE: DA Davidson Upgrades TripAdvisor (TRIP) to Buy

June 27, 2019 7:52 AM EDT
Get Alerts TRIP Hot Sheet
Price: $27.99 -0.53%

Rating Summary:
    9 Buy, 29 Hold, 8 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 29 | Down: 32 | New: 34
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(Updated - June 27, 2019 7:58 AM EDT)

(updated to add analyst comment)

DA Davidson analyst Tom White upgraded TripAdvisor (NASDAQ: TRIP) from Neutral to Buy with a price target of $55.00.

The analyst comments "We are upgrading shares of TRIP to BUY (from Neutral). TRIP's business has been getting steadily healthier over the last several quarters as new products improve revenue quality by diversifying TRIP's customer base. These trends, combined with stability in TRIP's core hotel CPC auction and valuation multiples 20%+ below historical averages reduces TRIP's risk profile and creates a compelling entry point in our view."

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 $45.20 yesterday.

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