10:39 AM EDT, 03/27/2026 (MT Newswires) -- (Updated to include BofA's commentary)

BofA Securities upgraded TripAdvisor ( TRIP ) to buy from neutral "as governance catalysts improve the probability of asset value realization."

The firm had recently signed a cooperation agreement with Starboard Value, leading to a "Board refresh" with four new directors and a more constructive activist engagement, analyst Nafeesa Gupta wrote in a Friday note.

"Recent activist momentum at the Board level we believe increases likelihood of strategic actions across TRIP's portfolio," Gupta said.

BofA Securities also raised the company's price target to $15 from $14.

TripAdvisor ( TRIP ) has an average rating of hold and mean price target of $13.82, according to analysts polled by FactSet.

(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)

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