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Is It Worth Investing in Trip.com (TCOM) Based on Wall Street's Bullish Views?
TCOMTRIP.COM(TCOM) ZACKS·2024-06-06 14:31

Group 1 - Trip.com currently has an average brokerage recommendation (ABR) of 1.14, indicating a consensus between Strong Buy and Buy, with 88.9% of recommendations being Strong Buy and 5.6% being Buy [1][6] - The Zacks Consensus Estimate for Trip.com has increased by 5.1% over the past month to $3.08, reflecting analysts' growing optimism regarding the company's earnings prospects [6] - The Zacks Rank for Trip.com is 2 (Buy), suggesting a positive outlook based on earnings estimate revisions [6] Group 2 - Brokerage recommendations often exhibit a strong positive bias, with a ratio of five "Strong Buy" recommendations for every "Strong Sell," indicating potential misalignment with retail investors' interests [2][4] - The Zacks Rank is a quantitative model based on earnings estimate revisions, which has shown a strong correlation with near-term stock price movements, making it a more reliable indicator than ABR [5] - The ABR may not always be up-to-date, while the Zacks Rank reflects timely changes in earnings estimates, providing a more accurate indication of future price movements [5]