TripAdvisor (TRIP) PT Raised to $48 at RBC Capital
RBC Capital raised its price target on TripAdvisor (NASDAQ: TRIP) to $48.00 (from $45.00) while maintaining a Sector Perform rating.
Analyst Mark Mahaney notes Q1 Revenue & EBITDA results were solidly above RBC & Street, thanks to monetization improvements in Hotel segment & accelerating strength in non-Hotel segment.
Mahaney said while TRIP is not TRVG, it's NOT BKNG either.