Barclays analyst Jiong Shao maintains $Trip.com (TCOM.US)$ with a buy rating, and maintains the target price at $84.
According to TipRanks data, the analyst has a success rate of 48.8% and a total average return of 8.0% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Trip.com (TCOM.US)$'s main analysts recently are as follows:
Following solid Q3 results from Trip.com, forecasts for FY24-26 revenue were increased by 1%-4%, and non-GAAP net profit expectations were adjusted upward by 17%-18% to reflect better than anticipated performance and outlook.
The company reported strong Q3 results as travel continues to be a top spending category among Chinese consumers, regardless of the circumstances.
Following a strong Q3 report by Trip.com, characterized by in-line revenue and surpassing bottom-line expectations due to higher operating leverage and investment income, expectations are set for the travel industry's growth and demand to stabilize. However, resilience in demand is anticipated to persist into 2025.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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