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Stock Track | Trip.com Stock Soars on Bullish Analyst Views and Ratings

Stock Track11-05

Shares of Trip.com Group Limited (TCOM) surged by a remarkable 6.50% on November 4, 2024, driven by positive analyst coverage and ratings from prominent firms.

Bernstein analyst Boris Van initiated coverage on TCOM with an Outperform rating and a price target of $85, citing the company's leadership position in the travel services sector. In the initiation report, Bernstein highlighted Trip.com's strong market share and potential for further growth as key factors behind the bullish outlook.

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.

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