TripAdvisor (TRIP) PT Raised to $20 at Mizuho Securities
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TripAdvisor (TRIP) named 'Best Idea' for 2024 by Bernstein
January 21, 2024 8:00 AM ESTBernstein named TripAdvisor Inc (NASDAQ: TRIP) as a Best Idea for 2024, giving them an Outperform rating and a 12-month price target of $28.00 based on a SOTP argument.
Viator, a peer company, recently raised funds at a $2 billion valuation. If TripAdvisor is valued similarly, excluding Viator, it would be trading at 1.5x NTM+1 EBITDA or more, translating to about $1 per active user.
While the realization of Viator's value may not be immediate, TripAdvisor is expected to outperform based on fundamental factors. The stabilization... More
