Wall Street Maintains a Positive Outlook on Trip.com (TCOM), Here’s Why

​On November 26, Yang Liu, CFA from Morgan Stanley, reiterated a Buy standing connected the banal with a terms people of $86. Earlier connected November 20, Joyce Ju from Bank of America Securities raised the firm’s terms people from $83 to $85, portion reiterating a Buy standing connected the stock.

​Trip.com Group Limited (NASDAQ:TCOM) during the fiscal Q3 grew its gross by 17.64% year-over-year to $2.58 billion, surpassing estimates by $18.41 million. Moreover, the EPS of $3.88 besides topped estimates by $2.75. The show was chiefly driven by beardown cross-border question momentum. Management noted the wide bookings connected its planetary OTA level grew by 60% year-over-year, whereas the inbound question bookings accrued by much than 100% during the aforesaid time.

​Joyce Ju from Bank of America Securities expects Trip.com Group Limited (NASDAQ:TCOM) to turn its planetary gross by astir 50% to 60% during Q4. He anticipates the planetary conception volition correspond a precocious teen percent of the full revenue.

​Trip.com Group Limited (NASDAQ:TCOM) provides end-to-end solutions for the firm travel, lodging, tour, and proscription sectors.

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