Barclays Sticks to Their Hold Rating for TripAdvisor Inc

By Jason Carr

In a report released today, Ross Sandler from Barclays maintained a Hold rating on TripAdvisor Inc (NASDAQ: TRIP), with a price target of $47. The company’s shares opened today at $40.23, close to its 52-week high of $66.13.

According to TipRanks.com, Sandler is a 4-star analyst with an average return of 7.6% and a 59.7% success rate. Sandler covers the Technology sector, focusing on stocks such as IAC/InterActiveCorp, Angie’s List Inc, and Match Group Inc.

Currently, the analyst consensus on TripAdvisor Inc is Hold and the average price target is $44.44, representing a 10.5% upside.

In a report issued on July 31, Oppenheimer also maintained a Hold rating on the stock.

Based on TripAdvisor Inc’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $424 million and quarterly net profit of $27 million. In comparison, last year the company earned revenue of $391 million and had a net profit of $34 million.

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TripAdvisor, Inc. owns and operates a portfolio of online travel brands. The company operates its business through two segments: Hotel and Other.