Don't Get Greedy With TripAdvisor Stock
This was supposed to be the year that TripAdvisor (NASDAQ: TRIP) started traveling in the right direction again. After announcing lower sales in 2016, management said that operating trends had turned a corner in the fourth quarter -- and so they predicted a return to double-digit growth in the hotel business in 2017.
The online travel booking specialist lowered that outlook for the second straight time in early November following disappointing third-quarter results. CEO Steve Kaufer and his team now believe the hotel segment will be flat for the year as trends worsen in the fourth quarter while likely staying weak in 2018. That downbeat forecast suggests TripAdvisor stock might not be a great deal even though it is down over 20% so far this year, compared to an 18% spike in the broader market.
Image source: Getty Images.
Source: Fool.com
TripAdvisor Inc. Stock
Our community is currently high on TripAdvisor Inc. with 9 Buy predictions and 4 Sell predictions.
With a target price of 22 € there is a positive potential of 33.29% for TripAdvisor Inc. compared to the current price of 16.51 €.
