Jefferies on Trip.com (TCOM): 'We expect TCOM to execute on track'

Jefferies analyst Thomas Chong reiterated a Buy rating and $77.00 price target on Trip.com Group Limited (NASDAQ: TCOM).

The analyst comments "We expect TCOM to execute on track with our assumptions during the quarter. In 1Q, domestic hotel and air ticketing revenue would be driven by volume growth. The expansion in travel radius is seen in outbound travel. Fast growth is expected for Trip.com. Integration of AI enhances user experience and cost efficiencies. Long-term secular growth story is intact. Maintain Buy on secular story."

For an analyst ratings summary and ratings history on Trip.com Group Limited click here. For more ratings news on Trip.com Group Limited click here.

Shares of Trip.com Group Limited closed at $63.58 yesterday.

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