TripAdvisor (TRIP): Hotel Stabilization Drives PT Increase - Piper Jaffray
Piper Jaffray analyst, Michael Olson, reiterated his Neutral rating on shares of TripAdvisor (NASDAQ: TRIP) and raised his price target to $47 from $40 after the company reported strong Q4'17 results with revenue and EBITDA above consensus.
The analyst stated "Revenue per hotel shopper was down 14% y/y (in-line with our model) and click-based & transaction revenue was 5% above consensus. Revenue upside came from hotel segment revenue, where the click-based auction stabilized and display based advertising & subscription was above plan".
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Shares of TripAdvisor closed at $40.72 yesterday.