Wedbush Maintains Neutral on Tripadvisor, Lowers Price Target to $21
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Scott Devitt maintains a Neutral rating on Tripadvisor (TRIP) and lowers the price target from $30 to $21.
May 10, 2024 | 2:35 pm
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NEGATIVE IMPACT
Wedbush analyst Scott Devitt has maintained a Neutral rating on Tripadvisor and reduced the price target from $30 to $21.
The reduction in price target by a reputable analyst like Scott Devitt could lead to a negative short-term sentiment among investors, potentially causing a decrease in TRIP's stock price. The Neutral rating suggests no significant upside or downside from current levels, but the lowered price target indicates a reassessment of the company's valuation, which could impact investor confidence.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100