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Why TripAdvisor (TRIP) is a Top Momentum Stock for the Long-Term

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.

Many investors also have a go-to methodology that helps guide their buy and sell decisions. One way to find winning stocks based on your preferred way of investing is to use the Zacks Style Scores, which are indicators that rate stocks based on three widely-followed investing types: value, growth, and momentum.

Is This 1 Momentum Stock a Screaming Buy Right Now?

For momentum investors, upward or downward trends in a stock's price or earnings outlook take precedent, so they'll want to zero in on the Momentum Style Score. This Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.

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TripAdvisor (TRIP)

Headquartered in Massachusetts, TripAdvisor, Inc. is one of the largest online travel research companies in the world. The company provides a platform for users to share reviews, ratings and opinions on hotels, destinations, attractions and restaurants. The company also facilitates bookings between hotel suppliers and consumers using its web portals.

TRIP is a Zacks Rank #3 (Hold) stock, with a Momentum Style Score of B and VGM Score of B. Shares are down 1% over the past one week and up 4% over the past four weeks. TRIP has gained 41.9% in the last one-year period as well. Looking at trading volume, an average of 2,110,300.25 shares exchanged hands over the last 20 trading days.

Momentum investors also pay close attention to a company's earnings. For TRIP, three analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.13 to $1.55 per share for 2024. TRIP boasts an average earnings surprise of 34.9%.

With strong earnings growth, a good Zacks Rank, and top-tier Momentum and VGM Style Scores, investors should think about adding TRIP to their portfolios.

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TripAdvisor, Inc. (TRIP) : Free Stock Analysis Report

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Zacks Investment Research