NEW YORK (TheStreet) -- TripAdvisor (TRIP) shares are climbing, up 1.5% to $98.65, in pre-market trading on Monday after being upgraded to "outperform" from "sector perform" by analysts at Pacific Crest.
The firm raised the company's price target to $116 citing accelerating growth as a reason for the more optimistic outlook.
The price target represents an 18% jump from the stock's opening price on Friday.
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Separately, TheStreet Ratings team rates TRIPADVISOR INC as a Hold with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation:
"We rate TRIPADVISOR INC (TRIP) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and growth in earnings per share. However, as a counter to these strengths, we find that the growth in the company's net income has been quite unimpressive."
Highlights from the analysis by TheStreet Ratings Team goes as follows: