CMB International Securities analyst Saiyi He has maintained their bullish stance on TCOM stock, giving a Buy rating yesterday.
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Saiyi He has given his Buy rating due to a combination of factors including Trip.com Group’s strong financial performance and promising growth prospects. The company’s third-quarter results exceeded expectations, with total revenue increasing by 15.5% year-over-year, surpassing both internal forecasts and Bloomberg consensus estimates. This was largely attributed to better-than-expected operating leverage and significant non-GAAP net profit gains from strategic asset sales.
Additionally, Trip.com’s international expansion is progressing well, with a balanced approach to investment and revenue growth that is expected to add long-term value. The company has shown robust growth in its international business, with revenue accelerating over 60% year-over-year. Furthermore, improvements in operating efficiency across domestic and outbound segments have contributed to a favorable outlook, prompting an increase in earnings forecasts and a higher target price. These factors collectively support the Buy recommendation.
In another report released yesterday, Barclays also reiterated a Buy rating on the stock with a $90.00 price target.