Stephen Ju, an analyst at UBS, has decreased the price target for TripAdvisor (TRIP) to $17 from $18. He has also maintained a Neutral rating on the shares after reviewing the company's Q3 report.
The report indicated that both Core and Viator revenue fell short of UBS estimates, although TheFork revenue exceeded expectations. Ju emphasized the importance of seeing evidence that TripAdvisor's product improvements can result in a revival of revenue growth in its Core segment.
Investors are eagerly anticipating any developments that could indicate a turnaround for the company in light of the current challenges it faces.