For example, Morgan Stanley has a $75.00 price target on the stock. This information is based on a recent report from Benchmark. Benchmark is a well-known investment research firm that provides investment recommendations and analysis to institutional investors. Benchmark’s buy rating on Trip.com Group is a positive signal for investors, indicating that the firm believes the stock is undervalued and has potential for growth.
The stock closed at $47.08, down 0.2% from the previous day. The stock has been trading at a range of $46.00 to $47.50 for the past few days. The report highlights that hedge funds are increasingly interested in Trip.com Group, with several prominent players expressing interest in the company’s future prospects. This interest is driven by several factors, including Trip.com’s strong market position in the travel industry, its robust financial performance, and its potential for growth in the global market.
Trip.com Group is a leading online travel agency (OTA) headquartered in Shanghai, China. Founded in 2005, the company has grown rapidly, becoming a major player in the global travel market. Trip.com Group offers a wide range of travel services, including flights, hotels, car rentals, and package tours. It operates in over 200 countries and regions worldwide.