Benchmark Co. analyst Fawne Jiang maintained a Buy rating on Trip.com Group Sponsored ADR today and set a price target of $82.00.
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Fawne Jiang has given his Buy rating due to a combination of factors that highlight Trip.com Group’s strong performance and growth potential. The company delivered impressive third-quarter results, surpassing expectations with robust revenue growth across various segments, including accommodations and transportation. This was driven by resilient domestic and outbound travel demand, as well as international market share gains.
Looking forward, Jiang emphasizes Trip.com’s strategic focus on international expansion, particularly in regions with low online penetration, which positions the company for continued growth. The company’s investment in AI and differentiated products further supports its scalability and sustainability. Despite potential margin pressures from a shift towards international markets, the long-term growth outlook remains positive, justifying the raised price target of $82.
According to TipRanks, Jiang is a 5-star analyst with an average return of 18.4% and a 57.94% success rate. Jiang covers the Consumer Cyclical sector, focusing on stocks such as Mercadolibre, H World Group, and Trip.com Group Sponsored ADR.
In another report released today, DBS also maintained a Buy rating on the stock with a $83.00 price target.