Benchmark lowered the firm’s price target on Trip.com (TCOM) to $72 from $82 and keeps a Buy rating on the shares. The company delivered a “solid” Q4 beat and guided in-line with expectations for Q1, which is “arguably conservative,” the analyst tells investors. The firm maintains its FY26 revenue growth forecast of 14%, but trims margin assumptions to reflect reinvestment, lowering its price target
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