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.
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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.