TripAdvisor Stock Gets BofA Upgrade: Activists + Big Hidden Value
BofA upgrades TripAdvisor to Buy and raises price target to $15.
BofA upgrades TripAdvisor to Buy and raises price target to $15.
Mizuho upgrades Booking Holdings as its new top Internet stock pick over Airbnb, seeing a big relief rally after OpenAI drops direct shopping checkout in ChatGPT.
Activist investor Starboard Value, holding over 9% of Tripadvisor, is pushing to overhaul the company's board by nominating a majority of new directors. This comes as the stock has dropped sharply amid weak earnings and AI worries.
Google launches AI-powered flight and hotel booking tools, causing stock drops for Booking Holdings, Expedia, TripAdvisor, and Airbnb as competition intensifies.