Company Of The Day: Tripadvisor

by Trefis Team
-2.54%
Downside
28.14
Market
27.42
Trefis
TRIP
TripAdvisor
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What?

Tripadvisor (NASDAQ:TRIP) posted a stronger than expected set of Q2 2021 results last week, with revenues up 91% sequentially and 300% year-over-year to $235 million. All lines of business saw year-over-year growth, although the company posted a net loss.

Why?

The growth was driven by re-openings across the globe, and pent-up demand for travel in countries where large populations have been vaccinated.

So What?

We believe Tripadvisor stock remains slightly undervalued, given the recent Q2 beat and the stronger prospects for the travel industry in the coming quarters. We value the stock at about $41 per share, a premium of 13% over the current market price.

See Our Complete Analysis For Tripadvisor

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