Mizuho analyst James Lee raised the firm’s price target on Trip.com to $65 from $60 and keeps a Buy rating on the shares. The company’s profitability came in significantly above expectations, driven by recovering demand for travel and efficiency gains from cross-selling, the analyst tells investors in a research note. The firm expects Trip.com’s revenue mix shift to continue supporting margin expansion.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TCOM:
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue