TripAdvisor To $28? These Analysts Slash Price Targets On The Travel Company Following Earnings Miss


TripAdvisor, Inc TRIP posted worse-than-expected earnings for its third quarter.

TripAdvisor said third-quarter revenue increased 51% year-over-year to $459 million, which beat average analyst estimates of $441.42 million. The travel company reported quarterly adjusted earnings of 28 cents per share, which missed average estimates of 38 cents per share.

TripAdvisor shares tumbled 17.3% to close at $19.68 on Tuesday. The company's stock dropped another 1.2% in today's session.

These analysts made changes to their price targets on TripAdvisor after the company released quarterly results.

  • Barclays cut price target on TripAdvisor from $22 to $18. Barclays analyst Mario Lu maintained an Underweight rating on the stock.
  • Citigroup slashed TripAdvisor price target from $27 to $22. Citigroup analyst Ronald Josey maintained a Neutral rating on the stock.
  • Credit Suisse lowered TripAdvisor price target from $29 to $28. Credit Suisse analyst Stephen Ju maintained the stock with a Neutral.
  • Mizuho lowered the price target on the stock from $26 to $22. Mizuho analyst James Lee maintained the stock with a Neutral.
  • Wells Fargo lowered the price target on the stock from $30 to $22. Wells Fargo analyst Brian Fitzgerald maintained the stock with an Equal-Weight rating.


Market News and Data brought to you by Benzinga APIs
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsPrice TargetPre-Market OutlookMarketsAnalyst RatingsTrading IdeasPT Changes
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!