TripAdvisor Deals With Competitive Pressures
TripAdvisor (NASDAQ: TRIP) has sought to stake its claim to the lucrative online travel business, moving beyond its initial focus on travel reviews to offer the same sorts of booking services that its rivals do. TripAdvisor has taken short-term hits to its financial results in order to make the investments needed to support its efforts, and the jury is still out on whether the company's moves will be successful in keeping it competitors at bay and expanding its overall business.
Coming into Tuesday's second-quarter financial report, TripAdvisor investors were hoping for solid gains in revenue and earnings. TripAdvisor's top-line growth was adequate, but pressure on the bottom line left some investors wanting more. Let's take a closer look at TripAdvisor and what its latest results mean for the online travel specialist moving forward.
Image source: TripAdvisor.
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 27.91% for TripAdvisor Inc. compared to the current price of 17.2 €.
