Latest news with #BrianGong
Yahoo
5 days ago
- Business
- Yahoo
Citi Maintained a Buy Rating on Trip.com (TCOM), Kept the PT Unchanged
Group Limited (NASDAQ:TCOM) is one of the . On June 17, Citi analyst Brian Gong maintained a Buy rating on Group Limited (NASDAQ:TCOM) with a price target of $78. The analyst noted the company's deal with MakeMyTrip as one of the key factors behind his bullish sentiment. As a result of this deal, the company will sell part of its stake in MakeMyTrip. This will allow the company to get a one-time gain from the sale, while keeping the largest minority shareholding in MakeMyTrip. Gong noted that this deal comes at a good time as the current value of MakeMyTrip is seen as favourable. Moreover, after the sale, Group Limited (NASDAQ:TCOM) will have more offshore cash, which could lead to higher returns for shareholders. A customer in a travel agents office, highlighting the convenience of the companies corporate travel solutions. Group Limited (NASDAQ:TCOM) is a leading Chinese company that offers a one-stop online travel platform. It provides a range of travel products, services, and travel content for both leisure and business travelers. 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. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
5 days ago
- Business
- Yahoo
Citi Maintained a Buy Rating on Trip.com (TCOM), Kept the PT Unchanged
Group Limited (NASDAQ:TCOM) is one of the . On June 17, Citi analyst Brian Gong maintained a Buy rating on Group Limited (NASDAQ:TCOM) with a price target of $78. The analyst noted the company's deal with MakeMyTrip as one of the key factors behind his bullish sentiment. As a result of this deal, the company will sell part of its stake in MakeMyTrip. This will allow the company to get a one-time gain from the sale, while keeping the largest minority shareholding in MakeMyTrip. Gong noted that this deal comes at a good time as the current value of MakeMyTrip is seen as favourable. Moreover, after the sale, Group Limited (NASDAQ:TCOM) will have more offshore cash, which could lead to higher returns for shareholders. A customer in a travel agents office, highlighting the convenience of the companies corporate travel solutions. Group Limited (NASDAQ:TCOM) is a leading Chinese company that offers a one-stop online travel platform. It provides a range of travel products, services, and travel content for both leisure and business travelers. 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. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
30-06-2025
- Business
- Yahoo
Citi Maintains a Buy Rating on Trip.com Group (TCOM), Sets a $78 Price Target
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 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 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. 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, 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. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None.
