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Morgan Stanley Sticks to Its Buy Rating for Trip.com Group Ltd. (9961)

Tipranks - Tipranks - Thu Mar 5, 6:30PM CST

In a report released on March 3, from Morgan Stanley maintained a Buy rating on Trip.com Group Ltd., with a price target of HK$585.00. The company’s shares closed yesterday at HK$391.00.

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Currently, the analyst consensus on Trip.com Group Ltd. is a Strong Buy with an average price target of HK$600.23, representing a 53.51% upside. In a report released on March 3, CGS International also maintained a Buy rating on the stock with a HK$541.00 price target.

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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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