Tripadvisor downgraded by BofA as CEO and CFO exits add risk

Jefferies upgraded TripAdvisor (TRIP) to Hold from Underperform, lowering its price target to $7.00. The firm cut 2028 revenue and EBITDA estimates due to slower growth in the Experiences segment. TripAdvisor's revenue declined 4.4% over the last year, with further declines expected. The stock is near its 52-week low, and analysts cite peer-low valuation and potential activist involvement as factors. Recent Q3 2026 results missed expectations, with revenue of $436.4M and EPS of $0.37.

Cantor Fitzgerald lowered TripAdvisor's (TRIP) price target to $6.00 from $8.00, citing weak Q3 results and a lower Q4 outlook. Revenue declined 4.4% to $1.71B, and the company posted a loss of $3.19 per share. The stock is down 49% YTD, trading at $7.38. TripAdvisor plans to invest in Viator POS and reorganize its Hotels & Other segment. The CEO and CFO departures add uncertainty, though some analysts suggest the stock is undervalued.

UBS reduced its price target for TripAdvisor (TRIP) to $9.00 from $10.00, citing weak quarterly results and leadership changes. The stock trades near its 52-week low. TripAdvisor reported revenue and earnings misses, with guidance indicating further declines. The company plans restructuring to cut costs and reallocate resources. UBS remains neutral, awaiting clarity from new management.

TripAdvisor (TRIP) reported Q3 revenue declines in Hotels and Other segment, including a 23% drop in hotel revenue. The company announced a restructuring, cutting 425 roles, and expects $55M in annual savings. It also recorded a $369M goodwill impairment charge and sold TheFork for $685M. Q4 outlook includes flat revenue for Hotels and Other, with group revenue expected to decline in the low teens. AI referrals are a small but growing traffic source.

Tripadvisor Inc (TRIP) reported Q3 2026 revenue decline of 11% to $436M, with adjusted EBITDA at $71M. Hotels & Other segment revenue dropped 23% to $152M, and a $369M goodwill impairment was recorded. SEO headwinds impacted Experiences bookings, growing only 2%. Q4 outlook is weak, with revenue expected to decline in the low 10s. Management discussed debt repayment, capital allocation, and strategic focus on Viator's flywheel during the earnings call.

BofA Securities downgraded Tripadvisor (TRIP) to underperform, reducing its price target to $8 from $15, citing slowing growth and rising risks. TRIP shares fell 27% on the news.