TripAdvisor price target lowered to $12.50 from $13 at Jefferies

Jefferies analyst John Colantuoni lowered the firm’s price target on TripAdvisor (TRIP) to $12.50 from $13 and keeps an Underperform rating on the shares. The firm recommends staying selective across Internet stocks, as incremental investments could limit margin expansion and concerns around AI disintermediation could limit multiple appreciation, the analyst tells investors in the firm’s “2026 Internet Playbook” note.