Alert: Positive Fundamental Signals (12/1/23)-Trip com Group Ltd (NASDAQ: TCOM)


Trip com Group Ltd (NASDAQ: TCOM) has recently enjoyed extremely meaningful positive changes in fundamentals: the consensus estimate for December, 2023 increased significantly, significant quarterly sales acceleration occurred, the consensus estimate for December, 2024 increased significantly, and significant quarterly earnings acceleration occurred.

In light of these very positive signals we are reviewing our current Overall Rating of C. We would 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 exceed the cost of capital.

Trip com Group has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Trip com Group has a neutral Appreciation Score of 51 and a slightly positive Power Rating of 63, triggering the Neutral Value Trend Rating.

Recent Price Action

Trip com Group Ltd (NASDAQ: TCOM) stock declined by -3.0% on 12/1/23. The shares closed at $34.14. Trading volume in this decline was normal. The stock has been strong relative to the market over the last nine months but has declined -2.3% during the last week.

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