TripAdvisor Inc Receives a Rating Update from a Top Analyst

By Jason Carr

RBC Capital analyst Mark Mahaney reiterated a Hold rating on TripAdvisor Inc (NASDAQ: TRIP) yesterday and set a price target of $45. The company’s shares closed yesterday at $42.40.

According to TipRanks.com, Mahaney is a top 100 analyst with an average return of 22.4% and a 68.0% success rate. Mahaney covers the Technology sector, focusing on stocks such as ANGI Homeservices Inc, Activision Blizzard, and Global Payments Inc.

Currently, the analyst consensus on TripAdvisor Inc is Hold and the average price target is $39.67, representing a -6.4% downside.

In a report released yesterday, Wells Fargo also maintained a Hold rating on the stock with a $42 price target.

TripAdvisor Inc’s market cap is currently $5.89B and has a P/E ratio of 90.21. The company has a book value ratio of 4.1543.

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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.