Citi analyst Brian Gong opened a “30-day positive catalyst watch” on shares of Trip.com Group. The analyst expects the company’s Q2 results to be largely in line with consensus but into Q3, the firm has seen “decent” domestic travel demand in July. This could bode well for an outbound recovery ahead and bring potential positive comments on Q3 operations during the earnings call, the analyst tells investors in a research note. Citi has a Buy rating on Trip.com with a $47 price target.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on TCOM:
- Trip.com Group management to meet virtually with Benchmrk
- Billionaire Ken Griffin Says the Chinese Equity Market Is Incredibly Attractive — Here Are 3 Stocks to Take Advantage
- Trip.com Group named ‘Research Tactical Idea’ at Morgan Stanley
- Trip.com Group price target raised to $39 from $37 at JPMorgan
- BABA, Other Chinese Stocks Risk Impact of Manufacturing Slump