Barclays Rates Trip.com (TCOM) buy, $60 Price Target

Analyst Jiong Shao maintained a $60 price target on the travel giant as shares trade near their yearly lows, a 50.15% upside from the current price.

By EarningsIQ Research Desk · Published Jun 26, 2026, 10:01 AM EDT · Updated Jun 30, 2026, 1:01 PM EDT

Reviewed by automated data checks against the source data. How we make and check alerts

Barclays rated Trip.com Group Limited ($TCOM) "buy" with a $60 price target on June 26, 2026.

Since the rating, $TCOM is up 0.2% after 1 week, up 9.5% after 1 month and down 2.1% to date (from the $40.89 close on Jun 26, 2026).

TCOM Trip.com Group Limited

$40.01 -46.29% year to date

Daily close · Oct 16, 2026

Key Points

Barclays analyst Jiong Shao reiterated a Buy rating and a $60.00 price target for Trip.com Group Limited on June 26, 2026.
Barclays's $60 price target implies 50.15% upside from Trip.com Group Limited's ($TCOM) current $39.96 share price.
The stock is currently trading near $39.96, which is just slightly above its 52-week low of $38.04 and well below its 200-day moving average.
Market consensus for the travel service provider remains a strong buy, with 29 analysts providing an average price target of $58.44.

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Barclays analyst Jiong Shao reaffirmed a Buy rating on Trip.com Group Limited (NASDAQ: TCOM) on June 26, 2026. The firm set a price target of $60.00, suggesting significant room for growth from the current trading price. The rating comes as the travel industry continues to navigate a shifting global landscape, with Trip.com maintaining a central role in both Chinese and international travel markets.

Analyst rating track record

Barclays vs. the S&P 500

YTD return +20.75% hypothetical

All-time return +37.69% S&P 500 +38.75%

vs. S&P 500 -1.06% behind the index

Hypothetical returns from Barclays's disclosed trades, not real profit or advice. How we model this.

Analysts Set New Price Targets

The $60.00 target from Barclays is part of a broader trend of positive sentiment from Wall Street. On September 17, 2026, JP Morgan maintained an Overweight rating but lowered its target to $62.00 from $72.00. That same day, Macquarie upgraded the stock to Outperform and raised its price target to $53.20. Earlier in the month, Mizuho and StoneX both maintained Outperform and Buy ratings, respectively, each setting a $60.00 target. Not all firms were as optimistic, as China Renaissance downgraded the stock to Hold on July 2, 2026, with a $42.00 target. Despite some target trims, the consensus remains a strong buy among 29 analysts, with a mean price target of $58.44.

Stock Performance and Valuation

On Friday, shares of Trip.com were trading around $39.96. The stock has faced some headwind recently, as it is currently trading below its 50-day moving average of $43.80 and its 200-day moving average of $52.70. This price level puts the company closer to its 52-week low of $38.04 than its yearly high of $78.99. With a price-to-earnings (P/E) ratio of 7.86, the stock appears to be trading at a lower multiple compared to its historical averages, while its forward P/E stands at 9.89.

12-month forecast

$TCOM price target

Trip.com Group Limited daily closes and this analyst's $60 target. Not advice.

Recent Earnings and Growth

Trip.com reported revenue of $65.61 billion in its most recent reporting period, representing a growth rate of 5.5%. The company maintains a healthy net margin of 36.9% and a return on equity of 15.6%. These figures suggest that while revenue growth is moderate, the company is efficient at turning those sales into profit. Investors looking ahead should note that the company is scheduled to report its next batch of financial results on November 16, 2026.

Global Travel Services

Trip.com Group Limited operates as a massive travel service provider, helping people book hotels, flights, and tours. It owns several well-known brands including Ctrip, Qunar, Trip.com, and Skyscanner. Based in Singapore, the company has grown into a one-stop shop for everything from train tickets and travel insurance to corporate travel management and financial services. Its ability to serve both the massive Chinese domestic market and international travelers makes it a key player in the global tourism economy.

What's Ahead for Trip.com Group Limited

The gap between the current stock price and the targets set by Barclays and other major firms suggests that analysts believe the market is undervaluing Trip.com's long-term potential. While the stock has struggled to stay above its moving averages, the underlying profitability and the consensus strong buy rating indicate that institutional eyes are focused on a potential recovery. Shareholders will likely keep a close watch on the November earnings report to see if the company's financial performance can spark a rally back toward the $60 mark.