Here’s What the Wall Street Has to Say About Trip.com (TCOM)

Core Viewpoint - Trip.com Group Limited (NASDAQ:TCOM) is considered one of the most undervalued foreign stocks to buy according to analysts, despite facing regulatory challenges in China [1][2]. Group 1: Analyst Ratings - Lei Yang from CGS International reiterated a Buy rating on Trip.com with a price target of HK$551 [1]. - Alex Yao from J.P. Morgan also maintained a Buy rating, raising the price target from $75 to $90 [1]. Group 2: Regulatory Challenges - The company received a formal notice of investigation from the State Administration for Market Regulations of China for alleged anti-monopoly practices, leading to a share price decline of over 16.9% since the announcement [2]. - J.P. Morgan analysts noted that the basis of the case was prior verification by the regulatory body, and they expect further share price declines in the short term due to investor concerns over potential fines and regulatory uncertainty [3]. Group 3: Company Overview - Trip.com Group Limited provides end-to-end solutions for corporate travel, lodging, tours, and transportation sectors [4].