TripAdvisor (TRIP) stock was down a fraction in afternoon trading in the stock market today, near 84.35, after Wunderlich Securities downgraded the travel review website to hold from buy, while maintaining its 80 price target. “We believe that further upside to estimates or multiple expansion that could justify enough upside in the stock is unlikely in the near term given the continued head winds from the metasearch transition,” analyst Blake T.
TripAdvisor (TRIP) announced a partnership with Microsoft (MSFT) on Thursday in which its travel reviews, price comparison tools, ratings, photos and other content will be displayed at the top of Microsoft’s Bing search engine results. The Newton, Mass.-based travel review and metasearch website says it’s the first time it’s partnered to provide such content with a search engine. The tie-up aims to drive more traffic to TripAdvisor’s Hotel Price
Expedia (EXPE) is ramping up its Q4 ad spending, and that’s good news for one of its main outlets for ads, travel metasearch site TripAdvisor (TRIP) . So says Jake Fuller, an analyst with FBR Capital Markets, in a research report Thursday in which he upped his price target on TripAdvisor by not a little, but a lot — to 85 from 70. The stock, though, has already gone past that mark. TripAdvisor stock was up more than 1% in afternoon trading in the