DA Davidson Reiterates Neutral Rating on TripAdvisor (TRIP)

DA Davidson analyst Tom White reiterated a Neutral rating and $16.25 price target on TripAdvisor (NASDAQ: TRIP).

The analyst commented, "We are amending/augmenting Tripadvisor’s inclusion in D.A. Davidson's STAMPEDE list of special situation investment ideas, under the letter A for “Activist” given the disclosure late last week that activist investor Starboard Value had amassed a ~9% stake in TRIP shares. This follows TRIP's shares declining ~16% over the past year (vs. the S&P500 up 13%) and speculation surrounding M&A interest while TRIP explored strategic alternatives over the course of 2024. We note that TRIP is already an existing member of D.A. Davidson's STAMPEDE list under the letter S for "SpinOff" (related to possible alternatives for TRIP’s Viator business)."

For an analyst ratings summary and ratings history on TripAdvisor click here. For more ratings news on TripAdvisor click here.

Shares of TripAdvisor closed at $17.17 yesterday.

You May Also Be Interested In

• Wedbush assumes TripAdvisor (TRIP) at Outperform
• Aeva Technologies launches $100 million follow-on stock offering
• SpaceX files for 555.56M share IPO at $135/sh