Trip.com Group upgraded by JP Morgan with a new price target
$TCOM
Business Services
Consumer Discretionary
JP Morgan upgraded Trip.com Group from Neutral to Overweight and set a new price target of $50.00 from $39.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/19/2024 | Hold → Buy | HSBC Securities | |
| 11/4/2024 | $85.00 | Outperform | Bernstein |
| 10/8/2024 | Buy → Hold | HSBC Securities | |
| 11/21/2023 | Buy → Neutral | Nomura | |
| 7/31/2023 | $39.00 → $50.00 | Neutral → Overweight | JP Morgan |
| 6/9/2023 | $46.00 | Hold → Buy | China Renaissance |
| 3/23/2023 | Neutral | JP Morgan | |
| 1/30/2023 | Neutral | JP Morgan |
6-K - Trip.com Group Ltd (0001269238) (Filer)
6-K - Trip.com Group Ltd (0001269238) (Filer)
6-K - Trip.com Group Ltd (0001269238) (Filer)
SC 13G/A - Trip.com Group Ltd (0001269238) (Subject)
SC 13G - Trip.com Group Ltd (0001269238) (Subject)
SC 13G/A - Trip.com Group Ltd (0001269238) (Subject)
Trip.com Group Ltd (NASDAQ:TCOM) shares are trading higher by 4.1% to $47.25 Monday morning. Shares of Chinese stocks are trading higher after China lowered key interest rates. Lowering key interest rates is a direct stimulus measure. It reduces the cost of borrowing for businesses and consumers, encouraging spending and investment. For Trip.com, a leading travel service provider, increased economic activity can translate into higher travel demand as businesses and consumers feel more confident and have more disposable income. With lower interest rates, consumers can access cheaper loans and have more funds available for discretionary spending, including travel. This can lead to increa
Trip.com Group Ltd (NASDAQ:TCOM) shares are trading lower by 4.16% to $48.18 Monday morning. Following China’s announcement of a lower-than-expected GDP growth of 4.7% for the second quarter, several Chinese stocks are experiencing a decline. Analysts had predicted a growth rate of 5.1%. Economic growth is closely tied to consumer spending power. When the economy slows, consumers tend to tighten their belts, reducing discretionary spending, including on travel. Trip.com, as an online travel agency, relies heavily on consumers having disposable income to spend on travel and vacations. Economic slowdowns also affect corporate spending. Companies cut costs by reducing business travel budg
SINGAPORE, Nov. 18, 2024 /PRNewswire/ -- Trip.com Group Limited (NASDAQ:TCOM, HKEX: 9961)) ("Trip.com Group" or the "Company"), a leading one-stop travel service provider of accommodation reservation, transportation ticketing, packaged tours, and corporate travel management, today announced its unaudited financial results for the third quarter of 2024. Key Highlights for the Third Quarter of 2024 International businesses experienced robust growth across all segments in the third quarter of 2024- Outbound hotel and air reservations rebounded to approximately 120% of the pre-COVID level for the same period in 2019. - Air ticket and hotel reservations on the Company's internation
SINGAPORE, Nov. 5, 2024 /PRNewswire/ -- Trip.com Group Limited (NASDAQ:TCOM, HKEX: 9961)), a leading one-stop travel service provider of accommodation reservation, transportation ticketing, packaged tours and corporate travel management, will announce its financial results for the three months ended September 30, 2024 on Monday, November 18, 2024, U.S. Time. Trip.com Group's management team will host a conference call at 7:00 PM U.S. Eastern Time on November 18, 2024 (or 8:00 AM on November 19, 2024 in the Shanghai/Hong Kong Time) following the announcement. The conference call will be available on Webcast live and replay at: http://investors.trip.com. The call will be archived for twelve m
Mid to high-star hotels drive consumptionChinese travellers are seeking destinations beyond key capitals with a focus on lesser-known destinations Top outbound destinations are in APAC: Japan, Thailand, South KoreaEuropean long-haul travel is up almost 30%, with multi-destination trips above the global average length of stay. SHANGHAI, Sept. 24, 2024 /PRNewswire/ -- As millions of Chinese travellers prepare for the upcoming Golden Week holiday in October, Trip.com Group's latest data reveals notable travel flows for their last major travel period of 2024. Already, the Group is witnessing hotel bookings peak in arrivals on October 1st – the day the holiday commences - with the average len
SINGAPORE, Nov. 18, 2024 /PRNewswire/ -- Trip.com Group Limited (NASDAQ:TCOM, HKEX: 9961)) ("Trip.com Group" or the "Company"), a leading one-stop travel service provider of accommodation reservation, transportation ticketing, packaged tours, and corporate travel management, today announced its unaudited financial results for the third quarter of 2024. Key Highlights for the Third Quarter of 2024 International businesses experienced robust growth across all segments in the third quarter of 2024- Outbound hotel and air reservations rebounded to approximately 120% of the pre-COVID level for the same period in 2019. - Air ticket and hotel reservations on the Company's internation
SINGAPORE, Nov. 5, 2024 /PRNewswire/ -- Trip.com Group Limited (NASDAQ:TCOM, HKEX: 9961)), a leading one-stop travel service provider of accommodation reservation, transportation ticketing, packaged tours and corporate travel management, will announce its financial results for the three months ended September 30, 2024 on Monday, November 18, 2024, U.S. Time. Trip.com Group's management team will host a conference call at 7:00 PM U.S. Eastern Time on November 18, 2024 (or 8:00 AM on November 19, 2024 in the Shanghai/Hong Kong Time) following the announcement. The conference call will be available on Webcast live and replay at: http://investors.trip.com. The call will be archived for twelve m
SINGAPORE, Aug. 26, 2024 /PRNewswire/ -- Trip.com Group Limited (NASDAQ:TCOM, HKEX: 9961))) ("Trip.com Group" or the "Company"), a leading one-stop travel service provider of accommodation reservation, transportation ticketing, packaged tours, and corporate travel management, today announced its unaudited financial results for the second quarter and first half of 2024. Key Highlights for the Second Quarter of 2024 Domestic and international businesses sustained growth across all segments in the second quarter of 2024- Accommodation bookings on the Company's Chinese sites grew by approximately 20% year over year, primarily driven by robust growth in both outbound and domestic travel. - Out
NANJING, China, Feb. 9, 2021 /PRNewswire/ -- Tuniu Corporation (NASDAQ:TOUR) ("Tuniu" or the "Company"), a leading online leisure travel company in China, today announced that effective February 9, 2021, Mr. Jiangtao Liu and Mr. Shiwei Zhou were appointed as directors to the Company's board of directors, replacing Mr. Shengli Hu and Mr. Tao Yang, who resigned from the board effective on the same date. Mr. Jiangtao Liu also replaced Mr. Shengli Hu as a member of the Company's compensation committee. The appointment of Mr. Liu is in connection with the closing of transactions contemplated under the Share Purchase Agreement between certain subsidiaries of both JD.com, Inc. and Caissa Sega To
HSBC Securities upgraded Trip.com Group from Hold to Buy
Bernstein initiated coverage of Trip.com Group with a rating of Outperform and set a new price target of $85.00
HSBC Securities downgraded Trip.com Group from Buy to Hold