BofA Lowers Trip.com Target but Keeps Buy Rating

BofA lowered its price target for Trip.com Group Limited (NASDAQ:TCOM) to $64 while keeping a Buy rating, maintaining a bullish stance.

Analyst Revisions: BofA and Barclays Adjust Targets

■BofA: Target cut from $78 to $64, Buy rating retained.

■Barclays: Target cut from $75 to $60, Overweight rating maintained.

■Consensus outlook suggests a 47.29% upside potential.

Q1 Results and Operational Resilience

■The company posted a modest earnings beat in Q1, but underlying operational performance remained strong.

■Trip.com continues to dominate the global travel market, offering flights, hotels, rail tickets, vacation packages, and car rentals on a single platform.

Headwinds: Antitrust Probe and Fuel Costs

■Ongoing antitrust investigation dampens investor sentiment.

■Regulatory pressure in China and rising fuel costs could curb booking activity and profitability.

Valuation and Investment Outlook

■Long‑term travel demand trends provide upside upside for Trip.com's market share.

■Analysts still rate the stock as Strong Buy despite near‑term uncertainties.

Markets may continue to apply buying pressure on Trip.com despite the downward target revisions, given its strong market position and long‑term travel demand tailwinds. However, regulatory uncertainty and rising energy costs inject volatility, urging investors to adopt a cautious stance. — Ege Kaan, Wall Street and U.S. Macro Strategy Lead