Tag Archives: trip

Priceline, Expedia, TripAdvisor: ‘Big 3’ Get Bigger

Priceline Group (PCLN), Expedia and TripAdvisor posted hotel demand gains and share growth in Q1, according to an analyst’s report on Monday. “Hotel industry demand remained strong on Q1 and the ‘Big 3’ in online travel — Priceline, Expedia (EXPE) and TripAdvisor (TRIP) — continued to take market share,” wrote Cowen & Co. analyst Kevin Kopelman in a Monday research note. “We estimate that the ‘Big 3’ will generate a combined $80 billion in hotel

TripAdvisor Downgrade Cites Consolidation Risks

TripAdvisor (TRIP) got downgraded Tuesday on concerns about both the rise of automated programmatic ad buying and industry consolidation. RBC Capital Markets analyst Mark Mahaney downgraded TripAdvisor to sector perform from outperform, but he maintained his price target of 91. TripAdvisor will likely face pressure from the rise of programmatic ad buying, said Mahaney in research note Tuesday. He called the shift to programmatic automatic ad

TripAdvisor Price Target Hiked On Hotel Gains, Deals

TripAdvisor (TRIP) received a price target increase Thursday, as two analysts cited strong fundamentals for its hotel business and growing potential in vacation rental, restaurant and attraction segments. Cowen and Co. analysts Kevin Kopelman and Andrew Marok, in a research report, boosted their price target on TripAdvisor stock to 85 from 80 and reiterated a market perform rating. The analysts said TripAdvisor’s hotel segment is “highly