Ascendiant Capital Maintains Buy Rating for TripAdvisor: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Ascendiant Capital has reaffirmed its Buy rating on TripAdvisor (NASDAQ:TRIP) and increased its price target from $27.00 to $30.00. TripAdvisor's shares have risen 0.73% to $21.48 recently. The new price target suggests a potential upside of 39.63%. TripAdvisor is a leading travel metasearch company with a diverse revenue stream from its hotel, experiences, and dining brands.
December 29, 2023 | 5:00 pm
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POSITIVE IMPACT
Ascendiant Capital maintains a Buy rating on TripAdvisor and raises the price target to $30, indicating a significant potential upside from the current price.
The maintained Buy rating and increased price target by Ascendiant Capital are strong positive signals for investors, suggesting analyst confidence in TripAdvisor's growth potential. This could lead to increased investor interest and a potential rise in the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100