Why TripAdvisor Stock Surged Today
Share of online travel company TripAdvisor (NASDAQ: TRIP) jumped on Friday, a few days after the company reported its second-quarter results. On Wednesday, TripAdvisor stock initially tumbled on the earnings news, only to fully recover throughout the day. The stock then slumped on Thursday, but Friday's surge has more than erased that decline. An analyst upgrade appears to be a contributing factor, although post-earnings volatility is also at play. As of 3:37 p.m. EDT, shares were up 5.5%.
TripAdvisor's second-quarter results beat analyst estimates across the board. Revenue grew by 8% year over year to $424 million, while adjusted EPS was flat at $0.38. Those numbers beat analyst estimates by $2.5 million and $0.08, respectively.
Image source: TripAdvisor.
Source: Fool.com
TripAdvisor Inc. Stock
Currently there is a rather positive sentiment for TripAdvisor Inc. with 13 Buy predictions and 5 Sell predictions.
As a result the target price of 12 € shows a positive potential of 32.89% compared to the current price of 9.03 € for TripAdvisor Inc..
