Online travel operator Tripadvisor (NASDAQ:TRIP) surged in trading after the company announced that it had formed a Special Committee comprised of independent directors from its Board of Directors. The Special Committee will review potential proposals and alternatives for Tripadvisor, including those related to recent disclosures from Liberty TripAdvisor Holdings.
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Liberty Tripadvisor, the parent company of TRIP, disclosed in a recent filing that its Board was discussing the potential for Tripadvisor and Liberty TripAdvisor to be acquired.
Is TRIP a Good Stock to Buy?
Analysts remain sidelined about TRIP stock with a Hold consensus rating based on three Buys, seven Holds, and one Sell. Over the past year, TRIP has slid by more than 5%, and the average TRIP price target of $22.91 implies a downside potential of 11.5% at current levels.
