Why Trip.com Group Shares Are Trading Higher By Around 10%; Here Are 20 Stocks Moving Premarket
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 27 2024
0mins
Source: Benzinga
Trip.com Group Performance: Trip.com Group Limited's shares rose 9.7% in pre-market trading after reporting second-quarter adjusted earnings of $1.00 per ADS, surpassing market expectations of 74 cents.
Market Movers: Several stocks saw significant pre-market movements, with Trinity Biotech plc gaining 87.5% and Smart for Life, Inc. rising 50.9%, while Nxu, Inc. and QT Imaging Holdings, Inc. experienced declines of 12% and 11.2%, respectively.
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Analyst Views on TCOM
Wall Street analysts forecast TCOM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TCOM is 85.00 USD with a low forecast of 82.00 USD and a high forecast of 90.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
7 Analyst Rating
7 Buy
0 Hold
0 Sell
Strong Buy
Current: 62.400
Low
82.00
Averages
85.00
High
90.00
Current: 62.400
Low
82.00
Averages
85.00
High
90.00
About TCOM
Trip.com Group Limited is a global travel service provider comprising Trip.com, Ctrip, Skyscanner and Qunar. Its one-stop travel platform connects its users and its ecosystem partners. It offers accommodation reservations, transportation ticketing, packaged tours, and corporate travel management services and other travel-related services to meet the various booking and traveling needs of both leisure and business travelers through its travel platform. It helps travelers around the world make informed and cost-effective bookings for travel products and services and enables partners to connect their offerings with users through the aggregation of comprehensive travel-related content and resources and an advanced transaction platform, including apps, websites and 24/7 customer service centers. Ctrip provides travel and related services in China. Qunar is an online travel agency in China. Trip.com is an online travel agency for global travelers. Skyscanner is a travel search company.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Rosen Law Firm Investigates Potential Securities Claims Against Trip.com Group Limited
- Securities Claims Investigation: Rosen Law Firm announces an investigation into Trip.com Group Limited for potentially issuing materially misleading business information, allowing affected shareholders to seek compensation without upfront costs.
- Stock Price Plunge: On January 14, 2026, Trip.com shares fell 17% following news of an antitrust investigation by Chinese regulators, indicating significant market concerns regarding the company's compliance and future profitability.
- Class Action Preparation: The firm is preparing a class action lawsuit to recover investor losses, with no out-of-pocket fees for participants, thereby reducing legal risk for investors involved in the case.
- Firm's Reputation: Rosen Law Firm is recognized for its successful track record in securities class actions, having recovered over $438 million for investors in 2019 alone, underscoring its strength and experience in handling similar cases.
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Rosen Law Firm Investigates Trip.com Securities Claims
- Securities Claims Investigation: Rosen Law Firm is investigating potential securities claims against Trip.com Group Limited (NASDAQ:TCOM) for allegedly issuing materially misleading business information, potentially entitling investors to compensation.
- Stock Price Plunge: On January 14, 2026, Trip.com shares fell 17% after the company disclosed an investigation by China's market regulator for potential antitrust violations, resulting in significant losses for investors.
- Class Action Preparation: The firm is preparing a class action lawsuit against Trip.com to recover investor losses without any upfront fees, highlighting its commitment to protecting investor rights.
- Firm's Reputation: Rosen Law Firm is renowned for its success in securities class actions, having recovered over $438 million for investors in 2019 alone, demonstrating its expertise and resource advantage in handling such cases.
Continue Reading