TripAdvisor (TRIP) PT Raised to $20 at Mizuho
Mizuho analyst James Lee raised the price target on TripAdvisor (NASDAQ: TRIP) to $20.00 (from $17.00) while maintaining a Neutral rating.
The analyst comments "We are encouraged by continued double-digit growth from Viator despite facing continued challenges in hotel meta search. At the same time, the successful execution in experiences and restaurant reservation businesses provided support for margins and mitigated tough comps for hotel meta in 1H25. Overall, TRIP has started to show sustainable signs of improvements, and we are incrementally confident on our FY26 EBITDA forecast of $386m. Maintain Neutral and raise our PT from $17 to $20, representing 7x (up from 6x) our FY26E EBITDA forecast, at the low end of historical range to reflect the ongoing business transitions. We continue to view TRIP as a turnaround story with the potential of improving monetization of its large audience base."