RBC Capital analyst Mark Mahaney reiterated an Outperform rating and bumped his price target on TripAdvisor (NASDAQ: TRIP) to $100.00 (from $95.00) following Q1 results citing continued growth in N. America and EMEA, increased FY14 guidance, and positive revenue per hotel shopper trends.

Mahaney called Q1 a rare "miss & raise” quarter. "Revenue of $281MM modestly missed RBC/the Street @ $282MM/$283MM, while EBITDA of $122MM and Non-GAAP EPS of $0.54 were roughly in-line with consensus estimates of $120MM and $0.55," the analyst notes. "But citing very strong April results (acceleration in Hotel Shopper growth to 30%+ from 14% in Q1), the launch of a new TV brand campaign, and new product rollouts like Instant Booking, TRIP materially increased its FY14 Revenue and EBITDA growth outlooks from “mid-20’s” to “high-20’s to low-30’s.”

The firm is raising ’14 Revenue/EBITDA by 4% to $1.23B/$491MM from $1.18B/$472MM.

For an analyst ratings summary and ratings history on TripAdvisor click here. For more ratings news on TripAdvisor click here.

Shares of TripAdvisor closed at $81.37 yesterday.