In a recent announcement, TD Securities has maintained its "Buy" rating for Trip.com Group (TCOM, Financial) while raising its price target. The new price target is set at $73.00, up from the previous target of $67.00.
This adjustment represents an 8.96% increase in the price target and reflects TD Securities' positive outlook on the stock's future performance. The analysis was conducted by Kevin Kopelman, a renowned analyst at TD Securities.
The decision to maintain the "Buy" rating signals continued confidence in Trip.com Group's (TCOM, Financial) growth prospects. Investors will be keenly observing how the company performs in the coming months following this revised forecast.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 29 analysts, the average target price for Trip.com Group Ltd (TCOM, Financial) is $74.17 with a high estimate of $94.98 and a low estimate of $56.99. The average target implies an upside of 18.76% from the current price of $62.46. More detailed estimate data can be found on the Trip.com Group Ltd (TCOM) Forecast page.
Based on the consensus recommendation from 29 brokerage firms, Trip.com Group Ltd's (TCOM, Financial) average brokerage recommendation is currently 1.9, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Trip.com Group Ltd (TCOM, Financial) in one year is $69.93, suggesting a upside of 11.96% from the current price of $62.46. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Trip.com Group Ltd (TCOM) Summary page.
