Starboard Value invests $160 million in Tripadvisor, citing undervaluation and potential upside

Tripadvisor (TRIP) shares surged nearly 17% after Starboard Value revealed a $160 million stake, citing the platform as undervalued. Starboard plans to push for operational improvements and cost discipline to boost shareholder value. Bernstein analysts noted undervaluation and recommended buying TRIP stock, with a price target of $20 and potential upside of 15%. However, consensus rating on TRIP shares is currently “Hold” with a mean target of $17, suggesting a 3% downside.

Read more at Yahoo Finance: Starboard Is Betting Big on Tripadvisor Stock. Should You?