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TripAdvisor (TRIP) Receives a Sell from J.P. Morgan

Tipranks - Wed Aug 12, 7:20AM CDT

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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