BofA Securities analyst Joyce Ju maintains $Trip.com (TCOM.US)$ with a buy rating, and adjusts the target price from $67 to $77.
According to TipRanks data, the analyst has a success rate of 52.2% and a total average return of 7.3% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Trip.com (TCOM.US)$'s main analysts recently are as follows:
After reporting solid Q3 results, expectations for FY24-26 revenue and non-GAAP net profit were raised to reflect better than anticipated performance in Q3 and future prospects.
Trip.com reported robust Q3 results as travel continues to be a primary spending priority among Chinese consumers regardless of external conditions.
Trip.com's third quarter showed strong performance with revenue aligning with expectations and a bottom line surpassing predictions, influenced by higher operating leverage and investment income. The travel industry's growth and demand are anticipated to stabilize, yet resilience in demand is expected to continue into 2025.
Note:
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