BofA lowered the firm’s price target on TripAdvisor (TRIP) to $17 from $19 and keeps a Neutral rating on the shares after Q3 results. TripAdvisor also announced a strategic realignment to become an “experiences-led and AI-enabled company” involving a 20% workforce reduction and combining Viator and TripAdvisor experiences operations. While BofA thinks experiences, revenue acceleration and margin expansion in 2026/2027 could drive stock multiple re-rating in the medium term, near-term execution risks remain, according to the firm. Additionally, BofA cites lower estimates for the reduced price target
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