03:15 PM EDT, 05/08/2024 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We lower our 12-month target price to $19 from $21, 12.9x our 2024 EPS, below TRIP's historical trading range of 14x to 50x. We lift our 2024 EPS to $1.47 from $1.39 and 2025's to $1.86 from $1.82. TRIP posted Q1 adj-EPS of $0.12, $0.08 above consensus. Revenue of $395M (+6.5% Y/Y) was in line with consensus. Adj-EBITDA increased 42.4% Y/Y to $47M, also in line with consensus, with margin widening 300 bps Y/Y to 11.9%. TRIP's results were overshadowed by its recently formed special committee and its decision to hold off on any transaction with a third party, because it is not in the best interest of TRIP and its stockholders. However, the special committee still plans to evaluate other proposed alternatives as appropriate. While we are positive on TRIP's plans to enhance its mobile app, marketing spend, and data leverage; the continued deceleration in its top-line growth at Viator, TheFork, and Tripadvisor ( TRIP ) remains a concern. Additionally, we note that TRIP experienced unevenness in demand trends during April.