These Analysts Raise Their Forecasts On Trip.com Group After Upbeat Results
Portfolio Pulse from Avi Kapoor
Trip.com Group Limited (NASDAQ:TCOM) reported better-than-expected earnings for Q1, with adjusted earnings of 83 cents per share and sales of $1.65 billion. Analysts from Benchmark and Mizuho raised their price targets on the stock following the results.
May 21, 2024 | 12:37 pm
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Trip.com Group Limited (NASDAQ:TCOM) reported strong Q1 earnings, beating market expectations with 83 cents per share and $1.65 billion in sales. Analysts from Benchmark and Mizuho raised their price targets, indicating positive sentiment.
Trip.com exceeded earnings and sales expectations, which is a positive indicator for the stock. The raised price targets from Benchmark and Mizuho further reinforce the positive outlook, likely leading to a short-term price increase.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100