trivago N.V. (TRVG) PT Lowered to $3.50 at Mizuho

Mizuho analyst James Lee lowered the price target on trivago N.V. (NASDAQ: TRVG) to $3.50 (from $4.00) while maintaining a Buy rating.

The analyst comments "The company delivered soft results due to the transition to brand marketing performance channels. While the change could be a headwind for revenue growth, it should drive higher user retention and sustainable revenue growth over time. With lower top line growth and higher brand marketing plans going forward, we reduced our FY25E EBITDA by nearly 10% to €26m. Maintain our Buy rating, but reduce our PT from $4 to $3.50, representing 2x FY25E EBITDA, at the bottom of the historical range due to ongoing business transitions."

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