Expert Outlook: Trip.com Group Through The Eyes Of 7 Analysts
Portfolio Pulse from Benzinga Insights
Seven analysts have recently updated their ratings on Trip.com Group (NASDAQ:TCOM), showing a mix of bullish and bearish sentiments. The average 12-month price target for TCOM has been raised to $57.14 from $51.86, indicating a 10.18% increase. Analysts from firms like HSBC, Citigroup, TD Cowen, Barclays, UBS, and Mizuho have raised their price targets, reflecting optimism about Trip.com's market position and financial health despite challenges in revenue growth and returns on equity and assets.
April 12, 2024 | 2:02 pm
News sentiment analysis
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POSITIVE IMPACT
Trip.com Group's stock has received positive analyst ratings with an increased average price target of $57.14, indicating a bullish outlook despite a recent revenue decline of -24.85% and challenges in ROE and ROA.
The increase in the average price target to $57.14 from $51.86, along with upgrades from multiple analysts, suggests a strong bullish sentiment towards TCOM. Despite the revenue decline and below-average ROE and ROA, the positive adjustments in price targets and ratings from analysts indicate confidence in the company's market position and potential for recovery. The company's strong net margin and low debt-to-equity ratio also contribute to the positive outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100