Vetr Crowd Upgrades TripAdvisor, 85% Of Users Are Bullish
- Despite a gain of nearly 25 percent over the past three months, the Vetr crowd has turned incrementally bullish on shares of Tripadvisor Inc (NASDAQ: TRIP).
- The Vetr crowd upgraded their crowd-sourced rating on Tripadvisor to four stars.
- 85 percent of the Vetr crowd is bullish on Tripadvisor while the crowd-sourced price target of $92.67 implies a potential 11 percent upside.
Eighty-five percent of the Vetr crowd is bullish on the stock as the remainder of the crowd recommend a Sell rating.
Crowd's Bullishness Extends Beyond Tripadvisor
Tripadvisor in October announced a new partnership with Priceline Group Inc (NASDAQ: PCLN) to handle its Instant Booking feature. Tripadvisor's stock ripped initially following the announcement while Priceline's stock was relatively muted.
Investors may have initially believed that the new agreement was one-sided and benefits Tripadvisor more than it does Priceline. The Vetr crowd may not hold a similar belief as they are more bullish on Priceline compared to Tripadvisor.
Priceline's stock is rated five tsars by the Vetr crowd, although a similar 85 percent of the crowd demonstrated a bullish stance. On the other hand, the crowd-sourced price target of $1,525.87 implies a potential upside of more than 17 percent.
One of the members of the crowd, Daniel S. Williams, noted that Priceline has a "solid breadth of names" under its corporate umbrella – including Priceline, and Tripadvisor's new partner – Booking.com.
Latest Ratings for TRIP
Date | Firm | Action | From | To |
---|---|---|---|---|
Feb 2022 | Credit Suisse | Maintains | Neutral | |
Dec 2021 | JP Morgan | Maintains | Underweight | |
Dec 2021 | UBS | Initiates Coverage On | Neutral |
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Posted-In: priceline TripAdvisor Vetr Vetr CrowdAnalyst Color Crowdsourcing Analyst Ratings General