We recently published 10 Stocks with Eye-Popping Gains; 5 Jump to New Highs. Tripadvisor, Inc. (NASDAQ:TRIP) is one of the best-performing stocks on Friday.
Tripadvisor touched a new all-time high on Friday as investors gobbled up shares following an impressive earnings performance and two analysts’ reaffirmation of their bullish stance on the stock.
In intra-day trading, Tripadvisor, Inc. (NASDAQ:TRIP) rallied to its highest 52-week price of $19.26 before paring gains to end the day just up by 11.68 percent at $17.97.
Copyright: dolgachov / 123RF Stock Photo
This followed a strong performance in the second quarter of the year, after GAAP net income increased by 49 percent to $36 million from $24 million in the same period last year, while total revenues rose by 7 percent to $529 million from $497 million year-on-year.
In the first half, Tripadvisor, Inc. (NASDAQ:TRIP) swung to a net profit of $25 million from a $35 million net loss in the same period last year. Revenues inched up by 3.9 percent to $927 million from $892 million.
Following the results, Tripadvisor, Inc. (NASDAQ:TRIP) earned a price target of $20 from both Bernstein and Wedbush.
Bernstein maintained its “outperform” rating, while Wedbush kept its “neutral” stance on the stock.
While we acknowledge the potential of TRIP as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.
 is one of the best-performing stocks on Friday. Tripadvisor touched a new all-time high on Friday as investors gobbled up shares following an impressive earnings performance and two analysts’ reaffirmation of their bullish stance on the stock. In intra-day trading, […]){kind=link}