TripAdvisor price target raised to $20 from $15 at Barclays

Barclays raised the firm’s price target on TripAdvisor to $20 from $15 and keeps an Underweight rating on the shares. The company reported a solid beat across the board in Q4 as the core business stayed slightly positive, the analyst tells investors in a research note. January is off to a slower start while February is “firming up,” says the firm. No explicit 2024 guidance was given and the buyback is on pause pending the special committee outcome, which is the key focal point for investors, adds Barclays.