TripAdvisor (TRIP) PT Raised to $63 at Credit Suisse Following 3Q
Credit Suisse analyst Stephen Ju raised the price target on TripAdvisor (NASDAQ: TRIP) to $63.00 (from $51.00) while maintaining a Neutral rating following the company's 3Q earnings report. TripAdvisor reported 3Q18 earnings results with revenue and Adjusted EBITDA at $458mm and $146mm vs. cons $468.5mm and $116.6mm.
FY18 revenue and adjusted EBITDA estimates are now $1.6b/$410.9mm vs. $1.62b/$389.4mm prior.