Trip.com Reiterated as Bernstein’s Top Pick Despit…
From Financial Modeling Prep.: 2025-04-09 12:51:00
Bernstein SocGen Group reaffirmed an Outperform rating on Trip.com (NASDAQ:TCOM) with a $75 price target, naming it their top pick. Despite macroeconomic concerns, analysts believe Trip.com is well-positioned to weather turbulence in the travel sector. Even with a 1% GDP decline, Trip.com’s revenue growth is expected to remain resilient, only dipping slightly from 16% to 14% for the full year.
Comparing Trip.com to peers, analysts see Tencent Music Entertainment (TME) as stable but already aligned with its valuation, while Baidu may face more vulnerability due to macroeconomic volatility. Trip.com’s strong domestic market presence, diverse travel offerings, and potential to benefit from shifting travel patterns make it an attractive investment with substantial upside potential.
Read more at Financial Modeling Prep.:: Trip.com Reiterated as Bernstein’s Top Pick Despit…