Wall Street Analysts See Upside Potential for 5 Stocks with Rising Price Targets

02. Tripadvisor, Inc. (NASDAQ:TRIP)

Upside Potential: 39%

On December 29, Ascendiant Capital Markets adjusted its price target for Tripadvisor, Inc. (NASDAQ:TRIP), a significant player in the online travel and restaurant reservation industry, from $27.00 to $30.00 while maintaining a Buy rating on the shares. This modification suggests a substantial upside potential of 39%. Ascendiant Capital Markets’ decision to increase the price target reflects their optimistic outlook for Tripadvisor’s future performance. The revised target underscores Ascendiant Capital Markets’ confidence in Tripadvisor, Inc. (NASDAQ:TRIP) position within the online travel and restaurant reservation sector, emphasizing potential growth avenues and emerging trends.

Investors should take note of the significant upside potential of 39% as indicated by the adjusted price target. Ascendiant Capital Markets’ Buy rating signals their belief that Tripadvisor, Inc. (NASDAQ:TRIP) is well-positioned to navigate the evolving landscape of online travel and restaurant reservations, capitalizing on increased consumer activity in the post-pandemic era. Ascendiant Capital Markets’ analysis provides investors with valuable insights into the potential opportunities associated with investing in Tripadvisor, Inc. (NASDAQ:TRIP). As the travel and dining industries recover, Tripadvisor, Inc. (NASDAQ:TRIP) may present an attractive investment opportunity, according to Ascendiant Capital Markets’ outlook, making this research note a valuable resource for investors considering positions in the online travel and restaurant reservation sector.

Rowan Street Capital made the following comment about Tripadvisor, Inc. (NASDAQ:TRIP) in its second quarter 2023 investor letter:

“Now, the bottom 3 performers from all the companies that we’d sold were Docusign (DOCU) -76%, Tripadvisor, Inc. (NASDAQ:TRIP) -59% and Under Armour (UA) -57%. These represent the losses we would have incurred had we held on to these positions until now. We must note that all 3 of these were sold for purely fundamental reasons and we ended up being correct on all of them.”