Tripadvisor Inc Receives a Hold from Cantor Fitzgerald

Cantor Fitzgerald analyst Naved Khan reiterated a Hold rating on Tripadvisor Inc (NASDAQ:TRIP) today and set a price target of $85. The company’s shares opened today at $92.68.

Currently, the analyst consensus on TripAdvisor Inc is Hold and the average price target is $90, representing a -2.9% downside. In a report issued on July 6, Barclays also upgraded the stock to Hold with a $84 price target.

Based on TripAdvisor Inc.`s latest earnings report from March 31, the company posted quarterly revenue of $363M and quarterly net profit of $63M. In comparison, last year the company earned revenue of $323M and had a net profit of $68M.

Financial bloggers on sites such as SeekingAlpha, the MotleyFool and others, seem to have a Positive view on TRIP. When evaluating the opinions of financial bloggers over the last 3 months, 81% of bloggers have indicated a Bullish sentiment, while 19% have indicated a Bearish sentiment. The average blogger Bullish sentiment in the sector is 67% which is less positive than the blogger sentiment of TRIP.

Like Cantor Fitzgerald`s latest rating, based on the recent corporate insider activity of 24 insiders, corporate insider sentiment is neutral on the stock. Last month, Liberty Tripadvisor Holdings, Inc., a director at TRIP bought 1 shares for a total of $89.

According to TipRanks.com, Khan is a 5-star analyst with an average return of 25.6%and a 85.1% success rate. Khan covers the Technology sector, focusing on stocks such as Travelzoo Inc, Facebook Inc, and LinkedIn.

Tripadvisor Inc is an online travel company that provides access to the reviews and opinions of the millions of travelers users to plan and have the perfect trip.