Analyst Saiyi He of CMB International Securities maintained a Buy rating on Trip.com Group Sponsored ADR (TCOM – Research Report), retaining the price target of $70.00.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Saiyi He has given his Buy rating due to a combination of factors including Trip.com Group’s strong financial performance and strategic initiatives. The company reported a 16% year-over-year increase in total revenue for the first quarter of 2025, aligning with forecasts and consensus estimates. This growth was supported by optimized sales and marketing expenditures, resulting in a non-GAAP operating income that surpassed expectations by 7%.
Furthermore, Trip.com Group’s expansion into international markets is progressing well, which, although may impact short-term earnings, is expected to provide long-term value. The company’s domestic and outbound business segments are experiencing robust booking volume growth, and its international operations are contributing significantly to overall revenue. Saiyi He maintains a positive outlook on Trip.com Group’s future revenue growth, supported by its strategic investments and strong market position.
In another report released today, Barclays also maintained a Buy rating on the stock with a $84.00 price target.