Citi analyst Ronald Josey lowered the firm’s price target on Trivago to $1.16 from $1.25 and keeps a Neutral rating on the shares after meeting with management. Given Trivago’s renewed focus on growth, the firm materially lowered EBITDA projections.
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Read More on TRVG:
- trivago Reinforces Brand Marketing to Drive Long-Term Growth
- Trivago to issues special one-time extraordinary dividend of EUR 0.53 per share
- Trivago no longer expects 2023 adjusted EBITDA to exceed EUR70M
- Trivago renews focus on brand marketing strategy
- trivago N.V.’s Second Quarter 2023 Earnings Release Scheduled for August 1, 2023; Webcast Scheduled for August 2, 2023
