BofA analyst Nafeesa Gupta initiated coverage of TripAdvisor (TRIP) with a Neutral rating and $19 price target While BofA is constructive on growth in online experiences, intense competition will likely be an overhang, the analyst tells investors in a research note. Activist Starboard Value’s recent purchase of a 9% stake in TripAdvisor boosted the stock to near its two-year average and could help unlock more value for Viator, BofA argues.
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Read More on TRIP:
- TripAdvisor’s Mixed Prospects: Hold Rating Amid Competitive Pressures and Growth Challenges
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