Trip.com Group Limited (TCOM) PT Raised to $84 at Mizuho

Mizuho analyst James Lee raised the price target on Trip.com Group Limited (NASDAQ: TCOM) to $84.00 (from $81.00) while maintaining a Outperform rating.

The analyst comments "TCOM reported another strong quarter, with 16% YoY revenue growth outpacing major global OTA peers. Revenue came in 1% above our expectations, and EBITDA 7% ahead, driven by strong customer loyalty and efficiency gains in operations. We continue to see resilient consumer demand that drove 30% YoY growth for outbound bookings, while Trip.com and inbound both maintained very strong momentum. Despite near-term concerns related to one top international market, we expect TCOM to continue outpacing global OTA peers in revenue and EBITDA growth over the next two years driven by its customer-first and mobile-first product strategy and execution. Maintain OP rating and raise PT to $84 as we roll over to FY27. "

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