European Investor
03 Sep 2026, 15:12
HSBC Downgrades Trip*com to Hold as Shares Slide 5.4%
HSBC cut its rating on Trip*com Group Limited (NASDAQ: TCOM) to Hold from Buy, setting a price target of $65 on the stock. Shares of the online travel platform fell 5.4% to $41.29 following the rating change, as investors digested the more cautious stance from the bank.
The downgrade marks a shift in tone from HSBC, which had previously held a more bullish view on the Shanghai-based travel company. With shares trading well below HSBC's $65 target even after the move to Hold, the bank appears to see the stock as fairly valued for now rather than positioned for further near-term upside, tempering the more optimistic call it had held previously.
Trip*com operates as one of Asia's largest online travel agencies, offering hotel bookings, airline tickets, package tours, and related travel services through its Trip*com, Ctrip, Skyscanner, and Qunar platforms. The stock's reaction to today's rating change reflects the market's sensitivity to shifts in analyst sentiment on the name, with the price drop closely tracking the announcement of the downgrade.
HSBC cut its rating on Trip*com Group Limited (NASDAQ: TCOM) to Hold from Buy, setting a price target of $65 on the stock. Shares of the online travel platform fell 5.4% to $41.29 following the rating change, as investors digested the more cautious stance from the bank.
The downgrade marks a shift in tone from HSBC, which had previously held a more bullish view on the Shanghai-based travel company. With shares trading well below HSBC's $65 target even after the move to Hold, the bank appears to see the stock as fairly valued for now rather than positioned for further near-term upside, tempering the more optimistic call it had held previously.
Trip*com operates as one of Asia's largest online travel agencies, offering hotel bookings, airline tickets, package tours, and related travel services through its Trip*com, Ctrip, Skyscanner, and Qunar platforms. The stock's reaction to today's rating change reflects the market's sensitivity to shifts in analyst sentiment on the name, with the price drop closely tracking the announcement of the downgrade.
