Ali Hassan
1 min read
In This Article:
On May 20, TD Cowen Kevin Kopelman raised the price target on Trip.com Group Limited (NASDAQ:TCOM) from $67 to $75 and maintained a Buy rating after the company logged strong revenue growth in Q1 FY2025.
Trip.com posted revenue of $1.92 billion, surpassing estimates by $1.15 million and up by 16% from a year ago. Kopelman remains optimistic about Trip.com based on several factors, including its strong performance and strategic market positioning.
A busy airport terminal full of travelers eager to utilize the company's services.
The analyst cites Trip.com’s continued domestic market growth and international expansion as key growth factors. The company’s inbound travel booking soared over 100% year-over-year in Q1, driven by increased global visibility and favorable visa policies. The analyst believes Trip.com’s advertising spending was a key strategic move that fueled international growth, especially in Asia. This will potentially drive long-term revenue growth, according to Kopelman.
Trip.com Group Limited’s (NASDAQ:TCOM) travel bookings on its international OTA platform increased by 60% from a year ago. Moreover, the company’s net cash and investments of around $12.8 billion also add to the positive outlook.
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Disclosure. None.
