BofA analyst Nafeesa Gupta lowered the firm’s price target on TripAdvisor (TRIP) to $14 from $17 and keeps a Neutral rating on the shares. Noting that activist investor Starboard Value has intensified its campaign at Tripadvisor with a public letter announcing plans to nominate a majority slate for the 2026 AGM, the firm believes a more assertive, value-oriented board could strengthen execution discipline and help accelerate shareholder value creation, but lowers its price target based on sum-of-the-parts valuation for the core business, Viator and TheFork.
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Read More on TRIP:
- Tripadvisor Addresses Activist Investor’s Board Nomination Plan
- Starboard Value bought Clearwater and Fluor in Q4, sold Alight
- TripAdvisor says ‘focused on pursuing all avenues’ to drive shareholder value
- TripAdvisor price target lowered to $11 from $16.25 at DA Davidson
- Starboard Value sends letter to TripAdvisor board