---
title: "Citigroup raises Trip.com target price to $86, maintains \"Buy\" rating"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/266469644.md"
description: "Citibank raised Trip.com’s target price to $86 and maintained a \"Buy\" rating. The report noted that Trip.com’s Q3 2025 performance met expectations, with strong growth in bookings, particularly in the Asia-Pacific region and Europe and the Middle East. Despite facing a high base, the growth momentum is expected to continue into Q4. Based on the better-than-expected revenue performance in Q3, Citibank raised its earnings forecasts for 2025 to 2027, reflecting the resilience of domestic business in China and the strong momentum of international business"
datetime: "2025-11-19T02:43:56.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/266469644.md)
  - [en](https://longbridge.com/en/news/266469644.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/266469644.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/266469644.md) | [繁體中文](https://longbridge.com/zh-HK/news/266469644.md)


# Citigroup raises Trip.com target price to $86, maintains "Buy" rating

Citigroup released a report indicating that Trip.com (09961.HK)(TCOM.US) is expected to have third-quarter performance in 2025 that is generally in line with expectations. Trip.com recorded strong booking volume growth, with a year-on-year increase of over 60% in the third quarter, and over 50% year-on-year growth in the Asia-Pacific region, while the momentum in Europe and the Middle East is encouraging.

The firm expects that despite facing a high year-on-year comparison base, the growth momentum will largely continue into the fourth quarter of 2025, driven by increased user engagement and the company's ongoing product and service upgrades, which will be reflected in the upcoming peak travel season.

Based on the better-than-expected revenue performance in the third quarter, the firm has raised its earnings forecasts for 2025 to 2027 by 1.7%, 0.3%, and 0.2%, respectively, with the target price for Trip.com’s U.S. stock adjusted from $85 to $86. The "Buy" rating is maintained, reflecting the resilience of domestic business in China and the strong momentum of Trip.com's international business

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