Citi Sticks to Its Buy Rating for Trip.com Group Ltd. (9961)
Citi analyst maintained a Buy rating on Trip.com Group Ltd. on February 26 and set a price target of HK$639.60. The company’s shares closed yesterday at HK$400.40.
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Trip.com Group Ltd. has an analyst consensus of Strong Buy, with a price target consensus of HK$611.15, a 52.63% upside from current levels. In a report released on February 26, DBS also maintained a Buy rating on the stock with a HK$563.00 price target.
Based on Trip.com Group Ltd.’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of HK$18.34 billion and a net profit of HK$19.89 billion. In comparison, last year the company earned a revenue of HK$15.87 billion and had a net profit of HK$6.77 billion
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