Analyst: This is the "Fastest Growing Major Travel Brand"

The stock is looking to break above its modest 2023 deficit

Deputy Editor
Nov 13, 2023 at 9:43 AM
facebook X logo linkedin

Tripadvisor Inc (NASDAQ:TRIP) stock is 2.1% higher out of the gate, following a bull note from Bernstein. The Wall Street brokerage upgraded TRIP to "outperform" from "market perform" and hiked its price target to $21.40, calling the company the "fastest growing major travel brand" and praising its new investment plans.

The majority of covering brokerages were bearish before today, with 16 of 20 rating Tripadvisor stock a "buy" or better. This leaves plenty of room for additional pessimism to unwind. Elsewhere, the 11.15 million shares sold short account for 10.6% of the security's total available float.

Should the positive premarket action continue into the session, it will help TRIP move back above the $17.50 level after three-straight closes below the mark. The $18 mark is still acting as a layer of resistance on the charts, while TripAdvisor stock looks to overcome a modest 3.4% year-to-date deficit.



How to collect 1 dividend check every day for LIFE

Did you know you could collect 1 dividend check every day the market is open? You could also do it starting with just $605! For me, I'm collecting 70 dividend checks every quarter…which averages around 1.1 dividend checks every business day. There's no trading behind this... no penny stocks or high-risk investments. All you do is buy and hold and you're set. There's no set up required either. If you start buying the dividend stocks I show you today... you could collect 1 dividend per day starting as early as this week. Click here for all the details.