Trip.com (TCOM) Has Gained More Than 22% Over the Past 6 Months

​Trip.com Group Limited (NASDAQ:TCOM) is one of the Undervalued Cyclical Stocks to Invest In. Trip.com Group Limited (NASDAQ:TCOM) has gained more than 22% over the past 6 months, and Wall Street sees more than 16% upside from the current levels.

Recently, on December 9, Trip.com Group Limited (NASDAQ:TCOM) announced its strategic partnership with Galaxy Asia Car Rental, which is Malaysia’s top car rental firm. Management noted that the deal integrates the company’s branding in Galaxy’s high traffic areas, including the Kuala Lumpur flagship store and at KLIA Terminals 1 and 2. The company believes that this move will help boost visibility and will also combine its international user base with Galaxy’s local user base.

This partnership is also important because the company’s data suggests that the Malaysian car rental market is booming and has achieved triple-digit growth year-over-year. This growth is driven by users from Malaysia, China, and Singapore. Management of Trip.com Group Limited (NASDAQ:TCOM) noted that the partnership aligns with the company’s end-to-end travel ecosystem linking global planning with local execution, thereby capitalizing on rising regional demand.

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

While we acknowledge the potential of TCOM to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than TCOM and that has 100x upside potential, check out our report about this cheapest AI stock.

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