Citi ups Trip.com target, opens ‘positive catalyst watch’

Citi raised the firm’s price target on Trip.com (TCOM) to $78 from $73 and keeps a Buy rating on the shares. The firm also opened a “90-day positive catalyst watch” on the shares ahead of the Q4 report at the end of February. Citi expects revenue in line and adjusted earnings slightly above consensus. Into 2025, the analyst sees growth momentum for Trip.com with domestic, outbound and international “likely in good shape,” especially for Q1, which it notes has easier compares for outbound.