Wedbush Sticks to Their Buy Rating for TripAdvisor (TRIP)
Wedbush analyst Michael Piccolo reiterated a Buy rating on TripAdvisor today and set a price target of $20.00.
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Piccolo covers the Healthcare sector, focusing on stocks such as Staar Surgical, Cross Country Healthcare, and Solventum Corporation. According to TipRanks, Piccolo has an average return of -7.9% and a 38.89% success rate on recommended stocks.
In addition to Wedbush, TripAdvisor also received a Buy from BTIG’s Jake Fuller in a report issued yesterday. However, on the same day, B. Riley Securities maintained a Hold rating on TripAdvisor (NASDAQ: TRIP).
Based on TripAdvisor’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $382.4 million and a GAAP net loss of $32.4 million. In comparison, last year the company earned a revenue of $398 million and had a GAAP net loss of $11 million
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