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Investing.com - Mizuho has raised its price target on Trip.com Group Limited (NASDAQ:TCOM) to $84.00 from $81.00 while maintaining an Outperform rating on the stock. This aligns with InvestingPro analysis, which suggests Trip.com is currently trading slightly below its Fair Value, with analysts setting an average price target 19% above current levels.
The price target increase follows Trip.com’s latest quarterly results, which showed 16% year-over-year revenue growth, outpacing major global online travel agency peers. The company’s revenue came in 1% above Mizuho’s expectations, while EBITDA exceeded forecasts by 7%. Over the last twelve months, Trip.com has achieved 17.54% revenue growth, reaching nearly $8 billion.
Strong customer loyalty and operational efficiency gains were cited as key drivers behind the company’s performance. The travel platform recorded 30% year-over-year growth for outbound bookings, with Trip.com and inbound travel maintaining strong momentum. The company’s impressive 80.86% gross profit margin demonstrates its operational efficiency in the competitive travel industry.
Despite near-term concerns related to one top international market, Mizuho expects Trip.com Group to continue outpacing global online travel agency peers in both revenue and EBITDA growth over the next two years.
The firm attributes the expected outperformance to Trip.com’s customer-first and mobile-first product strategy and execution. The new price target reflects Mizuho’s valuation rolling over to fiscal year 2027.
In other recent news, Trip.com Group Ltd reported a strong performance for the third quarter of 2025, significantly surpassing earnings expectations. The company’s diluted earnings per share (EPS) reached $4.02, greatly exceeding the forecast of $8.09, representing a surprise of 240.67%. Revenue also outperformed expectations, totaling 18.34 billion USD compared to the anticipated 18.19 billion USD. Following these results, Benchmark raised its price target for Trip.com from $80 to $82, while maintaining a Buy rating on the stock. The price target increase was attributed to the company’s better-than-expected third-quarter results, with international markets showing notable strength. Despite these positive developments, Trip.com’s stock saw a slight decline in aftermarket trading.
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