Market Overview

UPDATE: Stifel Reiterates on TripAdvisor on Evidence of Weak Engagement Metrics

Share:
Related TRIP
Smartphone Browsing Creates Vertical Search Needs
UPDATE: Stifel Downgrades TripAdvisor On Lack Of Visibility
Expedia Boosts Its North American Dominance By Acquiring Travelocity (Seeking Alpha)

In a report published Thursday, Stifel analyst Michael Purcell reiterated a Buy rating on TripAdvisor (NASDAQ: TRIP), but lowered the price target from $93.00 to $92.00.

In the report, Stifel noted, “TripAdvisor's engagement metrics continue to be very strong (260m uniques), and financial results were in-line, perhaps even a little better than feared. As previewed, total guidance was maintained despite a reduction to click-based ad outlook. Shares might digest the outlook but we believe weakness should be bought. We maintain that evidence of weak engagement metrics is necessary to derail the investment thesis and we see no evidence of this. Maintain Buy.”

TripAdvisor closed on Wednesday at $75.21.

Latest Ratings for TRIP

DateFirmActionFromTo
Jan 2015Deutsche BankMaintainsBuy
Jan 2015Stifel NicolausDowngradesBuy
Dec 2014Buckingham ResearchInitiates Coverage onNeutral

View More Analyst Ratings for TRIP
View the Latest Analyst Ratings

Posted-In: Michael Purcell StifelAnalyst Color Price Target Analyst Ratings

 

Related Articles (TRIP)

Around the Web, We're Loving...

Get Benzinga's Newsletters