TripAdvisor Inc Gets a Hold Rating from Barclays

By Jason Carr

In a report released today, Deepak Mathivanan from Barclays reiterated a Hold rating on TripAdvisor Inc (NASDAQ: TRIP), with a price target of $35. The company’s shares opened today at $30.19, close to its 52-week low of $29.79.

According to TipRanks.com, Mathivanan is a 4-star analyst with an average return of 18.6% and a 54.8% success rate. Mathivanan covers the Technology sector, focusing on stocks such as Endurance International, Rightside Group, and Facebook Inc.

Currently, the analyst consensus on TripAdvisor Inc is Hold and the average price target is $37.45, representing a 24.0% upside.

In a report released yesterday, Piper Jaffray also maintained a Hold rating on the stock with a $40 price target.

Based on TripAdvisor Inc’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $439 million and quarterly net profit of $25 million. In comparison, last year the company earned revenue of $421 million and had a net profit of $55 million.

Based on the recent corporate insider activity of 26 insiders, corporate insider sentiment is neutral on the stock.

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TripAdvisor, Inc. owns and operates a portfolio of online travel brands. It operates its business through the Hotel and Non-Hotel segments.