Jefferies upgrades Tripadvisor to Hold from Underperform, lowers price target to $7 from $8

SOC, OPEN, and TRIP stocks fell to 52-week lows. SOC dropped 54% after raising going-concern doubts, reporting Q3 revenue of $154.37M and a net loss of $269.32M. OPEN fell to $1.32 before recovering, citing weak earnings and a slow housing market. TRIP declined to $6.82 due to missed earnings and leadership changes.

Bank of America downgraded Tripadvisor (TRIP) to Underperform, cutting its price target to $8 from $15. The company reported a 11% revenue decline in Q3, missing estimates. Bank of America cited slowing growth, leadership changes, and AI disrupting traditional search traffic as key concerns. The firm also lowered its 2027 revenue and EBITDA projections.

Tripadvisor's CEO Matt Goldberg and CFO Mike Noonan are leaving, with layoffs and restructuring underway. The company aims to cut $40M annually, reducing 275 positions. Revenue grew to $1.9B in 2023 but fell 11% YoY in the latest quarter. Tripadvisor's stock has declined 60% since Goldberg's tenure began in 2022, according to the company.

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.

Bank of America downgraded Tripadvisor to 'underperform,' cutting its target to $8 from $15, citing slowing growth, leadership departures, and missed Q3 earnings. The bank reduced its 2026 revenue and EBITDA estimates, citing traffic disruption and competition. Tripadvisor's Q4 outlook also points to further weakness.

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.