Q2 STOCKS TO BUY

Tripadvisor Stock Surges on Double Upgrade

Options bulls are targeting the stock as well

Deputy Editor
Feb 8, 2023 at 10:50 AM
facebook X logo linkedin


Tripadvisor Inc (NASDAQ:TRIP) stock is surging today, up 7.7% at $26.02 at last glance, after a lofty bull note. BofA Global Research double-upgraded TRIP to "buy" from "underperform," with a price-target hike to $38 from $19, seeing plenty of upside for the stock as consumers book more experiences. 

This bull gap has the stock trading at its highest level since September. TRIP has been rallying since the start of the year, up roughly 44% year-to-date, and is now above all significant short- and long-term moving averages. 

Today's analyst note could trigger a round of bull notes, as 14 of the 19 analysts in coverage still carry a "hold" or worse rating on Tripadvisor stock. Plus, the 12-month consensus price target of $25.60 is a 1.6% discount to current levels. 

At the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), 1.50 calls have been bought for every put in the last 10 days. Today, however, call volume is roaring, with 5,330 calls across the tape so far -- 18 times the intraday average -- in comparison to 510 puts. The March 30 call is the most popular, with new positions being opened there. 

It's also worth noting that short interest represents 7% of the stock's available float. It would take three days to buy back these bearish bets, at TRIP's average pace of trading. 

 
 

“Buy This Stock Now!” - Expert Who Called 11x On TSLA

He called a rare 11x on Tesla…

But now, thanks to Elon & Trump’s new alliance…

He says there’s a new opportunity that could be 1,000x BIGGER than Tesla – and it could completely revolutionize a $23 Trillion market.

It’s trading for less than $5 per share right now…

But it won’t be under the radar for long.

Discover The 1,000x Bigger Elon Opportunity Here

GRAND SLAM COUNTDOWN

 
 

Featured Articles from Trusted Partners:

👀Learn How Dividends Create Passive Income for Life
Receive $200 Off Motley Fool Epic. The Motley Fool Epic $299 discounted offer is based on $499/year list price. Introductory promotion for new members only. Take control of your money and your portfolio with Motley Fool Epic.

💵New Income System Could Pay You $4,243 Monthly
You could collect an average of $4,243 per month starting as early as next week with a new payout system for income investors. New registrations are being accepted for investors who want to be in a position to start with their first payout next week.

🚀Easy 92% Crypto Dividends (No Coins Required)
COIN stock doesn't pay a dividend... But there's actually a new way to collect a massive dividend that's indirectly based on the stock and offers a terrific monthly income (currently yielding nearly 92% on a forward basis).

🤝Free Advisor Match with Wiseradvisor.com
Don't leave your retirement to chance! Get matched with a trusted financial expert for FREE and make the most of your tax refund. Get started now.

⚠️Dennis Quaid's #1 Warning for Americans
Here's the thing: life doesn't come with guarantees. The economy shifts, markets stumble, and years of hard work could slip through your fingers like sand. But it doesn't have to be that way for you. So request a free copy of this Gold & Silver Guide that will arrive right to your doorstep when you act now.

 

 
 

Follow us on X, Follow us on Twitter