Goldman Sachs Maintains Buy on Tripadvisor, Lowers Price Target to $27
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Benjamin Miller maintains a Buy rating on Tripadvisor (NASDAQ:TRIP) but lowers the price target from $34 to $27.
May 09, 2024 | 1:00 pm
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Goldman Sachs maintains a Buy rating on Tripadvisor but reduces the price target from $34 to $27.
While the maintenance of a Buy rating by Goldman Sachs indicates continued confidence in Tripadvisor's fundamentals and potential for growth, the reduction in the price target could reflect adjustments in market conditions, expected performance, or both. This mixed signal might lead to short-term uncertainty among investors, potentially stabilizing the stock price as the market absorbs the new target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100