Recent exceptional positive changes in fundamentals have benefitted Trip com Group Ltd (NASDAQ: TCOM): the consensus estimate for December, 2024 increased significantly, significant quarterly sales acceleration occurred, the consensus estimate for December, 2025 increased significantly, and significant quarterly earnings acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
TCOM is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Trip com Group has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Trip com Group has a neutral Appreciation Score of 50 but a good Power Rating of 85, and the Positive Value Trend Rating results.
Recent Price Action
On 9/3/24, Trip com Group Ltd (NASDAQ: TCOM) stock rose modestly by 0.4%, closing at $47.33. Moreover, this advance was accompanied by above average trading volume at 133% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 12.2% during the last week.
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