---
title: "Morgan Stanley lowers Trip.com Group's target price to $70 as hotel revenue growth slows, reducing revenue forecasts"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/282617711.md"
description: "Morgan Stanley lowered the target price for Trip.com Group to $70, reflecting a slowdown in hotel revenue growth and weakened operating leverage. Revenue forecasts for 2026 to 2028 were cut by 0.6% to 1.7%, with adjusted earnings per share revised down by 1.3%, 2.5%, and 3.7%, respectively. The rating remains \"Overweight.\""
datetime: "2026-04-14T02:20:33.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/282617711.md)
  - [en](https://longbridge.com/en/news/282617711.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/282617711.md)
---

# Morgan Stanley lowers Trip.com Group's target price to $70 as hotel revenue growth slows, reducing revenue forecasts

Morgan Stanley published a research report, updating the risk-return profile of Trip.com Group-S (09961.HK), lowering the group's revenue forecast for 2026 to 2028 by 0.6% to 1.7%, reflecting a slowdown in hotel revenue growth and a reduction in non-GAAP operating profit due to weakened operating leverage. As a result, Morgan Stanley has lowered the adjusted earnings per share for 2026 to 2028 by 1.3%, 2.5%, and 3.7%, respectively.

Morgan Stanley has reduced the target price for Trip.com (TCOM.US) by 7%, from $75 to $70, mainly reflecting revisions to earnings forecasts and changes in free cash flow projections for later years; rating "Overweight."

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