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

Trip.com Group Limited (NASDAQ:TCOM) is one of the Most Undervalued Foreign Stocks to Buy According to Analysts. On January 22, Lei Yang, CFA, from CGS International, reiterated a Buy rating on the stock (9961:HK listing) with a price target of HK$551. Earlier on January 14, Alex Yao from J.P. Morgan reiterated a Buy rating on Trip.com Group Limited (NASDAQ:TCOM) and raised the price target from $75 to $90.

The ratings came after the company, on January 14, announced receiving a formal notice of investigation from the State Administration for Market Regulations of the People’s Republic of China for involvement in Anti-Monopoly practices. The share price has fallen more than 16.9% since the announcement. ​

Analysts at J.P. Morgan noted that the State Administration for Market Regulations cited prior verification as the basis of the case. The firm believes the share price will fall further in the short term as investors factor in fines and regulatory uncertainty. Moreover, analysts expect ongoing price pressure over several trading sessions, potentially leading to a 4 to 6-month period of range-bound trading until the regulatory office issues a penalty decision. ​

​Trip.com Group Limited (NASDAQ:TCOM) provides end-to-end solutions for the corporate travel, lodging, tour, and transportation sectors.7

While we acknowledge the potential of TCOM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.