Trip.com price target raised to $76 from $60 at Barclays

Barclays raised the firm’s price target on Trip.com to $76 from $60 and keeps an Overweight rating on the shares. The company reported better than expected results on both revenue and margins for Q1, the analyst tells investors in a research note. The firm believes the narrative of 2023 being a year of domestic travel rebound and 2024 a year of outbound travel rebound remains intact.