Noor Ul Ain Rehman
2 min read
In This Article:
Trip.com Group Limited (NASDAQ:TCOM) is one of the 11 Best Strong Buy Stocks to Invest in Now. On June 17, Citi analyst Brian Gong maintained a Buy rating on Trip.com Group Limited (NASDAQ:TCOM) and set a price target of $78.00. The analyst based the rating on the company’s market positioning and strategic financial initiatives.
A customer in a travel agents office, highlighting the convenience of the companies corporate travel solutions.
A significant factor supporting the optimistic rating is the share repurchase agreement with MakeMyTrip (MMYT), in which Trip.com Group Limited (NASDAQ:TCOM) would remain the largest minority shareholder.
The analyst further reasoned that the deal is a positive factor for the company due to the current valuation of MakeMyTrip (MMYT), as well as the potential for higher shareholder returns resulting from increased offshore cash availability.
In addition, Gong said that concerns regarding JD’s expansion into the online travel agency sector appear to be mitigated, as JD has not significantly expanded its marketing initiatives, potentially missing the peak season.
Trip.com Group Limited (NASDAQ:TCOM) is a global one-stop travel platform that offers packaged tours, airline tickets, accommodations, corporate travel management, property management systems, advertising services, and more. The company operates under a range of brands, including Ctrip, Qunar, Trip.com, and Skyscanner.
While we acknowledge the potential of TCOM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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Disclosure: None.
