Mizuho Securities analyst James Lee raised the price target on trivago N.V. (NASDAQ: TRVG) to $6.30 (from $6.00) while maintaining a Buy rating following the company's 3Q earnings report. Trivago reported revenue well below consensus but beat EBITDA forecast due to its continued strategy to preserve profitability. As a result, revenue guidance for 2018 remained weak at negative growth but EBITDA guidance was raised meaningfully to -$5m from -$23m.

Trivago had 189m qualified referrals overall in 3Q18, growing -12% YoY compared to -10% last quarter, mainly due to declining advertising spend in the quarter to more focus on profitability.