Barclays raised the firm’s price target on Trip.com Group to $56 from $49 and keeps an Overweight rating on the shares. The company reported “strong” Q2 results and provided a bullish outlook, the analyst tells investors in a research note. The firm says leisure travel is generally underappreciated as a key Chinese consumer spending area.
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Read More on TCOM:
- 3 Best Stocks to Buy Now, 9/6/2023, According to Top Analysts
- Trip.com Group price target raised to $55 from $50 at Mizuho
- Trip.com’s (NASDAQ:TCOM) Upbeat Q2 Results Reflect Strong Travel Trends
- Trip.com Group reports Q2 adjusted EPS 70c, consensus 50c
- Is TCOM a Buy, Before Earnings?
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