Trip.com Group Ltd (NASDAQ: TCOM) Maintains Strong Position in Online Travel Industry

• Citigroup maintains a "Buy" rating for NASDAQ:TCOM, raising the price target to $86 from $85.
• Benchmark Equity Research reaffirms a "Buy" rating, increasing the price target from $80 to $82, highlighting the company's growth phase and structural advantages.
• Trip.com reports a 16% year-over-year increase in net revenue, reaching approximately $2.58 billion, with an adjusted EBITDA of 6.35 billion yuan, surpassing forecasts.

Trip.com Group Ltd (NASDAQ: TCOM) is a leading online travel agency that offers a wide range of travel services, including accommodations, transportation, and packaged tours. The company operates on a global scale, leveraging its platform to cater to international travelers. Trip.com competes with other major players in the travel industry, such as Expedia and Booking Holdings.

On November 19, 2025, Citigroup maintained its "Buy" rating for TCOM, with the action being "hold." At that time, the stock price was $72.44. Citigroup also raised the price target for Trip.com to $86 from the previous $85, as highlighted by TheFly. This reflects confidence in the company's growth potential and market position.

Trip.com is entering a new growth phase, driven by structural advantages across its global platform. Analyst Fawne Jiang from Benchmark Equity Research reaffirmed a Buy rating and increased the price target from $80 to $82. This optimism is based on resilient travel demand, the company's expanding international scale, and increasing operating leverage.

In the third quarter of 2025, Trip.com reported a 16% year-over-year increase in net revenue, reaching 18.3 billion Chinese yuan, or approximately $2.58 billion. This performance exceeded expectations in areas like accommodations, transportation, corporate travel, and packaged tours. The company's adjusted EBITDA of 6.35 billion yuan also surpassed forecasts by over 6%.

Currently, TCOM's stock price is $72.44, reflecting a 2.19% increase or $1.55. Today, the stock has traded between $70.77 and $73.50. Over the past year, TCOM has reached a high of $78.65 and a low of $51.35. The company has a market capitalization of approximately $47.65 billion, with a trading volume of 2,786,988 shares on the NASDAQ exchange.