TripAdvisor (TRIP) Receives a Sell from J.P. Morgan
J.P. Morgan analyst Doug Anmuth maintained a Sell rating on TripAdvisor yesterday and set a price target of $10.00. The company’s shares closed yesterday at $10.78.
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Anmuth covers the Communication Services sector, focusing on stocks such as Netflix, Spotify, and Meta Platforms. According to TipRanks, Anmuth has an average return of 10.3% and a 58.67% success rate on recommended stocks.
Currently, the analyst consensus on TripAdvisor is a Hold with an average price target of $13.58, implying a 25.97% upside from current levels. In a report released on August 7, Barclays also maintained a Sell rating on the stock with a $9.00 price target.
Based on TripAdvisor’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $441.9 million and a net profit of $22.4 million. In comparison, last year the company earned a revenue of $529 million and had a net profit of $36 million
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- TripAdvisor price target lowered to $12.50 from $13 at B. Riley
- TripAdvisor price target lowered to $14 from $16 at Goldman Sachs
- TripAdvisor price target lowered to $9 from $10 at Cantor Fitzgerald
- Analyst Maintains Buy on TripAdvisor, Sees Cyclical Weakness but Values Experiences Growth and Fork Sale Proceeds in $15 Price Target
- TripAdvisor says ‘very active’ on AI front, working with ‘lots of partners’
