Tuesday, May 07, 2019 5:06:09 PM
This quarters earnings release could be pivotal for TRIP currently sitting at the average Analysts price target any earnings surprise will bring a array of upgrades just like last Fridays by Deutsche Band analyst Lloyd Walmsley, who upgraded the stock to buy from hold. "While we expect hotel shopper growth...and overall to look worse in 1Q19 as the company continues to pull back on marketing, we think the company could lay out a multi-year outlook to underscore its confidence in long-term growth, incorporating some of these drivers of medium term growth," he wrote. "Moreover, we think TripAdvisor's Attractions and Restaurant business can continue to grow rapidly for the next several years, eventually helping drive overall top line growth." It is hoped that thriving US economy will have stimulated spending in the leisure and travel industry.
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Recent TRIP News
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