Citibank raises Trip.com target to US$78 on strong earnings and growth outlook

Citibank said that Trip.com’s (9961) revenue for the fourth quarter surpassed its expectation and maintains a “Buy” rating with a target price of US$78 (HK$608.4).

The travel agency recorded a 23 percent growth in its revenue during the period from 12 months ago, 3.6 percent higher than the investment bank’s expectation, according to the report.
Specifically, accommodation booking revenue and  transportation ticketing revenue grew by 33 percent and 16 percent year-on-year, exceeding the bank’s forecast by 2 percent and 3 percent, respectively.
Citibank believes investors will focus on Trip.com’s revenue outlook for this quarter and the full 2025, the performance of domestic and outbound travel, as well as its views on artificial intelligence technology development and shareholder returns.  

STAFF REPORTER