TripAdvisor price target lowered to $12 from $15 at Wedbush

Wedbush expert Scott Devitt lowered the firm’s price target connected TripAdvisor (TRIP) to $12 from $15 and keeps a Neutral standing connected the shares. The steadfast notes Tripadvisor reported anemic Q4 results with gross and adjusted EBITDA beneath expectations. In the quarter, the institution realigned fiscal results into caller reportable segments. This alteration efficaciously removes intersegment eliminations, which had chiefly represented revenues recognized by Brand Tripadvisor from affiliate selling fees paid by Viator and TheFork.

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• TripAdvisor terms people lowered to $10 from $14 astatine Cantor Fitzgerald

• TripAdvisor terms people lowered to $10 from $13 astatine Barclays

• TripAdvisor says ‘very excited’ astir concern opportunities

• TripAdvisor sees ‘modest’ FY26 gross growth

• TripAdvisor sees Q1 gross down 3%-5% y/y