BUZZ-Citi lifts TripAdvisor PT on improving Viator profitability

Reuters04-18

** Citi Research raises online travel agency TripAdvisor's

PT by $5 to $28, citing improving fundamentals at Viator, TRIP's business that provides an online marketplace for experiences

** Brokerage expects Viator to generate positive EBITDA in 2024 and EBITDA loss in Q1 2024

** Projects 21% jump in Viator bookings

** New PT represents 11% upside to stock's last close

** Six of 22 brokerages rate the stock "buy" or higher, 11 "hold" and 5 "sell" or lower; their median PT is $28 - LSEG

** YTD, stock up 18%

(Reporting by Pratyush Thakur in Bengaluru)

((Pratyush.Thakur@thomsonreuters.com))

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