Shares of Trip.com Group Limited (TCOM) surged 5.06% on November 4, 2024, driven by optimistic analyst coverage and ratings. The travel services company received a boost after Bernstein initiated coverage with an Outperform rating and a price target of $85.
In its initiation report, Bernstein cited Trip.com's leadership position in its sector as a key factor behind the bullish outlook. The firm highlighted the company's strong market share and potential for further growth.
Additionally, Morgan Stanley maintained its Buy rating on Trip.com, citing opportunities arising from new visa-free policies and the company's ongoing market expansion efforts. Analysts remain upbeat about the company's prospects in tapping into the recovering travel industry.
Comments