Morgan Stanley named Trip.com Group as a "Research Tactical Idea," citing the belief that the share price will rise relative to the country index over the next 60 days following the company’s raised forecasts and guidance. Trip.com’s Q4 results suggest strong momentum year-to-date, added the analyst, who has an Overweight rating and $50 price target on the shares.
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
See the top stocks recommended by analysts >>
Read More on TCOM:
- 3 Stocks to Buy Today, 3/9/2023, According to Top Analysts
- Trip.com Group price target raised to $46 from $40 at Barclays
- Trip.com Group price target raised to $48 from $44 at HSBC
- Trip.com Group price target raised to $48 from $45 at Jefferies
- Trip.com Group price target raised to $49 from $45 at Mizuho