HSBC raised the firm’s price target on Trip.com to $60 from $50 and keeps a Buy rating on the shares. The company’s domestic business is delivering resilient growth on market share gain in hotel bookings and changing travel behaviors, the analyst tells investors in a research note. The firm also believes Trip.com’s overseas travel is gaining traction on recovering air capacity, organic traffic, mobile penetration and competitive take rates.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TCOM:
- Trip.com Group participates in a conference call hosted by Benchmark
- Citi ups Trip.com target, opens ‘positive catalyst watch’
- Trip.com price target raised to $53 from $45 at TD Cowen
- Hong Kong Stocks: Analysts See More Upside in Trip.com (TCOM) After Q4 Performance
- Trip.com Group price target raised to $53 from $43 at Bernstein
