TRIP Stock Gains Premarket As Analysts Raise Tripadvisor Targets – See Value Creation From TheFork Deal
Tripadvisor Inc. (TRIP) saw its stock rise in premarket trading after analysts reacted positively to the sale of its restaurant reservation business, TheFork, to American Express for $700 million. DA Davidson raised its price target for Tripadvisor to $15.50, citing the financial flexibility the sale provides for shareholder returns and growth investments. BTIG maintained its Buy rating, emphasizing that the divestiture unlocks value not fully reflected in Tripadvisor’s stock price, particularly highlighting the potential for investment in the Viator experiences segment.
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