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Trip.com Group Analyst Ratings
Mizuho Securities Maintains Trip.com(TCOM.US) With Buy Rating, Raises Target Price to $78
Express News | Trip.com Group Ltd : Mizuho Raises Target Price to $78 From $65
Trip.com Price Target Raised to $78 From $65 at Mizuho
Furui: The internet-related industry is at the beginning stage of a new cycle, and science and technology enterprises with 3 major characteristics will take the lead.
The investment sentiment in Chinese network technology stocks has improved. Zhuang Yaohong, Director and General Manager of the Internet and Media Industry Research Department in the Asia-Pacific region of Fuli, stated that the internet industry is entering a new period, with profit growth potential, leading market position, and companies benefiting from policies starting to apply the PEG (Price/Earnings to Growth) valuation method, driving the stock price breakthrough.
Lion: Upgraded ctrip's target price to $77 in the third quarter of China, with strong demand for travel.
Lyon released a research report stating that although the base was high in the same period last year, China's tourism demand in the third quarter of this year remains strong. During the summer vacation, domestic tourist volume increased by 8% year-on-year, while during the National Day, it increased by 6% year-on-year. Outbound tourism has also recovered to about 80% of the level in the same period of 2019, with Ctrip leading the industry. Lyon predicts that Ctrip's third-quarter revenue will increase by 13% to 15.6 billion yuan year-on-year. Adjusted EBIT is expected to increase by 17% to 5.2 billion yuan year-on-year, pointing out that despite the decline in hotel prices during the period, the average consumer spending per customer on Trip.com's platform under the group remains strong. Looking ahead to the fourth quarter, compared to
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