
Trip.com (TCOM) Stock Forecast & Price Target
Trip.com (TCOM) Analyst Ratings
Bulls say
Trip.com Group has demonstrated robust revenue growth, achieving a 23% year-over-year increase in the fourth quarter of 2024, bolstered by strong domestic travel demand and a remarkable 70% growth in its trip.com segment. With expectations for outbound travel capacity to recover to 85%–90% by 2025, along with a favorable shift in revenue mix towards higher-margin accommodation and outbound travel, the company is well-positioned for future margin expansion. Additionally, the overall resurgence in the online travel booking market and significant growth in the APAC region highlight Trip.com Group's potential to capitalize on the increasing demand for travel services.
Bears say
Trip.com Group faces a challenging outlook as initial guidance for the upcoming fiscal year indicates potential disappointment, which may lead to downward pressure on its stock. The company's operating profit margin (OPM) has experienced significant contractions year-over-year and quarter-over-quarter, driven largely by increased investments in expanding international markets, while a shift in revenue mix may further pressure gross profit margins (GPM). Additionally, a projected deleverage of approximately 200 basis points on sales and marketing spending in FY25 signals a notable reset of margins, despite the company's leading position in a growing but competitive online travel agency industry in China.
This aggregate rating is based on analysts' research of Trip.com and is not a guaranteed prediction by Public.com or investment advice.
Trip.com (TCOM) Analyst Forecast & Price Prediction
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