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TripAdvisor stock gains on ‘buy’ rating

TripAdvisor sites in 30 nations offer 2.7 million travel reviews, the Newton company says.
EPA/File 2013
TripAdvisor sites in 30 nations offer reviews of more than 2.7 million businesses, the Newton company says.
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TripAdvisor Inc. got a renewed vote of confidence when analysts at Needham & Co. reiterated their “buy” rating on the Newton company’s stock. They currently have a $75 price target. Last week, S&P Equity Research analysts upgraded the shares from “sell” to “hold,” and Deutsche Bank reiterated its “buy” rating on Aug. 15. TripAdvisor has a one-year low of $28.63 and a one-year high of $82.19.

Correction: An earlier version of a photo caption accompanying this article incorrectly stated the number of reviews on TripAdvisor. The company’s sites have 100 million reviews and opinions of more than 2.7 million businesses.