---
title: "In \"The Big Banks,\" Citigroup lowers Trip.com’s target price to $77, and adjusts next year's earnings forecast down by 11%"
description: "Citi has lowered the target price for Trip.com to $77 and expects its adjusted net profit to be reduced by 8% and 11% in the next two years, respectively. Although Trip.com’s total revenue grew by 21%"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/277138459.md"
published_at: "2026-02-27T03:08:06.000Z"
---

# In "The Big Banks," Citigroup lowers Trip.com’s target price to $77, and adjusts next year's earnings forecast down by 11%

> Citi has lowered the target price for Trip.com to $77 and expects its adjusted net profit to be reduced by 8% and 11% in the next two years, respectively. Although Trip.com’s total revenue grew by 21% to RMB 15.4 billion in the fourth quarter of last year, meeting expectations, the uncertainty surrounding the antitrust investigation may affect its profit margins. Citi maintains an "Outperform" rating and expects total revenue to grow by 15% to RMB 15.9 billion in the first quarter of this year

Citi published a research report indicating that Trip.com Group (09961.HK) achieved a total revenue growth of 21% year-on-year in the fourth quarter of last year, reaching RMB 15.4 billion, which was 4% higher than the bank's expectations. Adjusted EBIT grew by 16% year-on-year to RMB 3.2 billion, in line with expectations. Domestic tourism performance during the period was surprisingly strong, benefiting from robust demand and price recovery, with the business recording nearly double-digit year-on-year growth; meanwhile, its platform Trip.com Global maintained approximately 60% rapid growth.

Citi expects that domestic tourism demand will remain strong this year, with expectations for sustainable price growth. However, uncertainties surrounding antitrust investigations may put pressure on Trip.com's platform commission rates and profit margins. Consequently, it has lowered its adjusted net profit forecasts for the next two years by 8% and 11%, respectively, and reduced the target price for Trip.com (TCOM.US) on the US stock market from $82 to $77, while maintaining an "outperform" rating. The bank believes that the group's $5 billion share repurchase plan can provide some support and expects the company's total revenue in the first quarter of this year to grow by 15% year-on-year to RMB 15.9 billion

### Related Stocks

- [AWAY.US - ETFMG Travel Tech ETF](https://longbridge.com/en/quote/AWAY.US.md)
- [09961.HK - TRIP.COM-S](https://longbridge.com/en/quote/09961.HK.md)
- [FLYU.US - MicroSectors™ Travel 3X Leveraged ETNs](https://longbridge.com/en/quote/FLYU.US.md)
- [TCOM.US - Trip.com](https://longbridge.com/en/quote/TCOM.US.md)

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| Trip.com Group Posts Strong 2025 on Surging International and Inbound Travel | Trip.com Group Ltd. reported strong fourth-quarter and full-year 2025 results, with international bookings up 60% year-o | [Link](https://longbridge.com/en/news/276958051.md) |
| Trip.com Group Q4 Non-GAAP Earnings, Revenue Rise | 05:29 PM EST, 02/25/2026 (MT Newswires) -- Trip.com Group ( TCOM ) reported Q4 non-GAAP net income late Wednesday of 4.9 | [Link](https://longbridge.com/en/news/276951645.md) |
| 23:08 ETTrip.com Partners with JR Companies to Offer Nationwide Shinkansen Tickets to International Travellers | Trip.com has partnered with major Japanese railway companies to offer Shinkansen tickets to international travellers. Th | [Link](https://longbridge.com/en/news/276980475.md) |
| 18:36 ETTCOM Investor News: Rosen Law Firm Encourages Trip.com Group Limited Investors to Inquire About Securities Class Action Investigation - TCOM | Rosen Law Firm is investigating potential securities claims for shareholders of Trip.com Group Limited (NASDAQ: TCOM) du | [Link](https://longbridge.com/en/news/276285607.md) |
| Where Viking Holdings Stands With Analysts | In the last three months, 9 analysts have rated Viking Holdings (NYSE:VIK), showing a mix of bullish to bearish sentimen | [Link](https://longbridge.com/en/news/277104684.md) |

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.