Analysts Are Bullish on Top Services Picks

By Jason Carr

There’s a lot to be optimistic about in the Services sector as 2 analysts just weighed in on Ctrip.com (NASDAQ: CTRP) and Tarena International (NASDAQ: TEDU) with bullish sentiments.

Ctrip.com (NASDAQ: CTRP)

In a report issued on November 24, Kenneth Fong from Credit Suisse maintained a Buy rating on Ctrip.com (NASDAQ: CTRP), with a price target of $58. The company’s shares closed yesterday at $44.74.

According to TipRanks.com, Fong is a 2-star analyst with an average return of 1.4% and a 41.2% success rate. Fong covers the Services sector, focusing on stocks such as Las Vegas Sands, Wynn Resorts, and MGM Resorts.

Currently, the analyst consensus on Ctrip.com is Strong Buy and the average price target is $55, representing a 22.9% upside.

In a report issued on November 9, Brean Capital also reiterated a Buy rating on the stock.
Tarena International (NASDAQ: TEDU)

In a report issued on November 25, Zoe Zhao from Credit Suisse maintained a Buy rating on Tarena International (NASDAQ: TEDU), with a price target of $20. The company’s shares closed yesterday at $16.89, close to its 52-week high of $17.75.

Zhao has an average return of 73.3% when recommending Tarena International.

According to TipRanks.com, Zhao is ranked #1482 out of 4239 analysts.

Currently, the analyst consensus on Tarena International is Moderate Buy and the average price target is $15.40, representing a -8.8% downside.

In a report issued on November 22, Jefferies also reiterated a Buy rating on the stock with a $15.40 price target.