Trip.com Price Target Cut to $64 While Q1 Revenue Soars 17% to $2.35B
TCOM•A Citigroup analyst cut Trip.com’s price target to $64 from $82 while retaining a buy rating. The company reported Q1 EPS of $0.83 versus a $0.85 estimate and revenue of $2.35 billion, up 17% year-over-year, with market capitalization around $25.23 billion.
1. Analyst Price Target Adjustment
A Citigroup analyst lowered Trip.com’s price target to $64 from $82 and maintained a buy rating, signaling confidence in long-term upside potential despite valuation concerns.
2. Q1 Earnings Miss
Trip.com reported first-quarter EPS of $0.83, missing the $0.85 consensus estimate and reflecting margin pressure on international operations.
3. Revenue Growth Performance
The company generated $2.35 billion in Q1 revenue, a 17% increase year-over-year driven by strong hotel booking and packaged tour demand.
4. Market Capitalization and Outlook
Trip.com’s market capitalization stands at about $25.23 billion, with shares trading near $40 and daily volume around 9.96 million; inbound travel momentum is expected to sustain growth.
