Price Target ReductionThe analyst lowered the 12-month price target for TRIP to $24 from $32, reflecting adjustments for the company's risks despite its high growth prospects.
Revenue ChallengesThe metasearch business continued to struggle with revenue down HSDs vs. OTA marketing spend up mid-teens as dollars shift to other channels.
Strategic UncertaintySeveral parties showed initial interest in acquiring TRIP but later withdrew their proposals, suggesting potential concerns or reassessments regarding the company.