Analyst Fawne Jiang of Benchmark Co. maintained a Buy rating on Trip.com Group Sponsored ADR (TCOM – Research Report), retaining the price target of $80.00.
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Fawne Jiang has given his Buy rating due to a combination of factors that highlight Trip.com Group’s strong position in the market. Despite recent volatility in TCOM shares, driven by softer-than-expected travel data and speculative news about JD.com’s potential entry into the travel sector, Jiang believes these concerns are overstated. The company’s resilient growth trajectory is supported by solid execution, high earnings visibility, and favorable secular trends, making it a defensive and structurally sound investment in China’s consumer sector.
Moreover, Jiang points out that the domestic travel market in China shows promising growth, with a steady increase in domestic trips and spending. Although the Dragon Boat Festival travel data appeared soft, it was affected by temporary factors like adverse weather. The long-term demand for leisure travel remains robust, supported by shifts in consumer spending habits and the growing elder and newly retired population. These factors, along with the high entry barriers in the travel sector, reinforce Jiang’s confidence in recommending a Buy rating for TCOM.
According to TipRanks, Jiang is a 5-star analyst with an average return of 16.9% and a 55.69% success rate. Jiang covers the Consumer Cyclical sector, focusing on stocks such as H World Group, Trip.com Group Sponsored ADR, and Macy’s.
In another report released on June 3, Morgan Stanley also maintained a Buy rating on the stock with a $78.00 price target.
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