JPMorgan Chase Cuts Trip.com Price Target by 13%

A recent report from JPMorgan Chase & Co. has cut Trip.com Group's price objective to $62.00, representing a potential upside of 53.04% from its previous close.

This move is part of an ongoing trend in analyst revisions for the company. In August, Weiss Ratings lowered Trip.com Group from 'hold (c)' to 'hold (c-)', while TD Cowen raised it to 'strong-buy'.

Other analysts have also shared their views on the stock. Bank of America reiterated a 'buy' rating, and China Renaissance set a price target of $42.00. However, Nomura reduced its price objective from $71.00 to $51.00, assigning a 'neutral' rating in the process.

The company's current consensus rating is 'Moderate Buy' based on data from MarketBeat.com, with an average price target of $61.09. Institutional investors such as TD Private Client Wealth LLC and AdvisorShares Investments LLC have also made significant changes to their holdings in Trip.com Group.