Trip.com Group Ltd. Sponsored ADR (TCOM – Research Report), the Consumer Cyclical sector company, was revisited by a Wall Street analyst yesterday. Analyst Saiyi He from CMB International Securities maintained a Buy rating on the stock and has a $70.00 price target.
Saiyi He has given his Buy rating due to a combination of factors including Trip.com Group Ltd.’s strong financial performance and growth prospects. The company reported a significant increase in revenue and operating income for 2024, surpassing market expectations. This positive financial outcome is attributed to optimized operating expenses and robust revenue growth, particularly in the domestic and outbound travel sectors.
Despite some concerns about potential margin contraction in 2025 due to increased investments in international expansion, Saiyi He remains optimistic about the company’s future. The analyst believes that these investments will drive long-term growth, and the company’s enhanced supply chain capabilities and operating efficiency are expected to support continued financial success. The target price has been slightly adjusted, but the Buy rating is maintained, reflecting confidence in Trip.com’s ability to deliver strong results in the coming quarters.
He covers the Communication Services sector, focusing on stocks such as Baidu, Iqiyi, and Meta Platforms. According to TipRanks, He has an average return of 16.0% and a 63.43% success rate on recommended stocks.
In another report released yesterday, Bank of America Securities also reiterated a Buy rating on the stock with a $68.00 price target.