Bernstein Affirms Outperform Stance as Tripadvisor, Inc. (TRIP) Downplays Viator Spinoff Calls

Tripadvisor, Inc. (NASDAQ:TRIP) is one of the best breakout stocks to invest in. On November 11, Bernstein reiterated an Outperform rating on the stock, impressed by Tripadvisor, Inc. (NASDAQ:TRIP) ‘s integration plan. Likewise, the research firm reiterated a $20 price target, representing a 30% upside potential.

The company has been under pressure from an activist investor to spin off Viator, an online marketplace for booking tours, activities, and excursions worldwide. The company has shrugged off the push and reiterated plans to integrate it into the core brand TripAdvsior business. It expects the integration to help streamline operations and create significant synergies.

Bernstein has echoed the integration push, insisting it could result in cost savings of $85 million, which could boost the company’s FY 27 EBITDA by approximately 20%. The company’s EBITDA stands at $171 million. Additionally, the research firm has touted the online restaurant booking platform TheFork. The platform has delivered 28% revenue growth and 22% margins in the third quarter, making it an attractive asset under the core brand.

TripAdvisor delivered mixed third-quarter results with earnings per share of $0.65 that beat analyst estimates by $0.09. Revenue in the quarter totaled $553 million, below estimates of $562.92 million.

Tripadvisor, Inc. (NASDAQ:TRIP) is an online travel company that connects travelers with a vast database of user-generated reviews, guidance, and booking options for hotels, restaurants, tours, and attractions. The company serves as a platform for both planning and booking travel, utilizing a portfolio of brands, including Viator and TheFork, to offer booking services alongside its core review and guidance features.

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Disclosure: None. This article is originally published at Insider Monkey.