TCOM - Trip.com Expected To Fully Recover FY23 Revenues Despite Soft Macro Conditions Says Analyst | Benzinga
Mizuho analyst James Lee reiterated a Buy rating on the shares of Trip.com Group Ltd (NASDAQ: TCOM) and raised the price target from $50 to $55.
The company’s Q2 FY23 revenues rose 180% Y/Y to RMB11.2 billion, led by a travel market recovery. Adjusted EPS per ADS of $0.70 beat the consensus estimate of $0.50.
Air bookings in China grew 30% above the 2019 level versus 10% for the industry, driven by increased passenger travel volume, said the analyst.
Despite the soft macro, the company did not see consumers trading ...