Trip.com price target raised to $70 from $68 at BofA

BofA raised the firm’s price target on Trip.com (TCOM) to $70 from $68 and keeps a Buy rating on the shares. Trip.com reported in-line results as leisure demand remains resilient in 2025, but the firm continues to take a conservative approach to model FY25 revenue given “no sign of smaller pricing pressure” in the near-term, the analyst tells investors. Following estimate changes, the firm bumped up its price target and reiterates a Buy rating, citing the company’s “solid leadership in China’s mid-high end,” outbound and inbound travel segments, and long-term sustained growth through expansion into international markets.