- Despite a gain of nearly 25 percent over the past three months, the Vetr crowd has turned incrementally bullish on shares of Tripadvisor Inc TRIP.
- The Vetr crowd upgraded their crowd-sourced rating on Tripadvisor to four stars out of a possible.
- 85 percent of the Vetr crowd is bullish on Tripadvisor while the crowd-sourced price target of $92.67 implies a potential 11 percent upside. a
Shares of Tripadvisor gained nearly 25 percent in value over the past three months. Despite the relative outperformance versus the broader index, the
Vetr crowd upgraded the stock to four stars out of a possible five.
Eighty-five percent of the Vetr crowd is bullish on the stock as the remainder of the crowd recommend a ‘Sell' rating. Meanwhile, the crowd-sourced price target of $92.67 implies a potential return of more than 11 percent.
Crowd's Bullishness Extends Beyond Tripadvisor
Tripadvisor announced in October a new partnership with
Priceline Group Inc PCLN to handle its Instant Booking feature. Tripadvisor's stock
ripped initially following the announcement while Priceline's stock was relatively muted.
Investors may have initially believed that the new agreement was one-sided and benefits Tripadvisor more than it does Priceline. The Vetr crowd
may not hold a similar belief as they are more bullish on Priceline compared to Tripadvisor.
Priceline's stock is rated a five-out-five stars by the Vetr crowd, although a near-similar 85 percent of the crowd demonstrated a bullish stance. On the other hand, the crowd-sourced price target of $1,525.87 implies a potential upside of more than 17 percent.
One of the members of the crowd,
Daniel S. Williams, noted that Priceline has a "solid breadth of names" under its corporate umbrella – including Priceline, and Tripadvisor's new partner – Booking.com.
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