Barclays Maintains Underweight on Tripadvisor, Lowers Price Target to $15
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Ross Sandler has maintained an Underweight rating on Tripadvisor (NASDAQ:TRIP) and lowered the price target from $20 to $15.
May 10, 2024 | 7:18 pm
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Barclays has maintained its Underweight rating on Tripadvisor and reduced the price target from $20 to $15, indicating a bearish outlook.
The reduction in price target by a significant margin from $20 to $15 by Barclays, coupled with the maintenance of an Underweight rating, suggests a negative outlook on Tripadvisor's stock. This could lead to a decrease in investor confidence and potentially lower stock prices in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100