---
title: "CITIC International raised Trip.com’s U.S. stock target price to $83, with third-quarter performance exceeding expectations"
type: "News"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/news/266491433.md"
description: "CMB International will raise Trip.com's target price on the US stock market to $83 due to its third-quarter performance exceeding expectations. Total revenue grew by 15.5%, and non-GAAP net profit reached 19.2 billion yuan, far exceeding market expectations. Overseas expansion is progressing smoothly, and revenue and operating profit are expected to be revised upward for 2025 to 2027. Maintains a \"Buy\" rating"
datetime: "2025-11-19T07:03:44.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/266491433.md)
  - [en](https://longbridge.com/en/news/266491433.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/266491433.md)
---

> 支持的語言: [简体中文](https://longbridge.com/zh-CN/news/266491433.md) | [English](https://longbridge.com/en/news/266491433.md)


# CITIC International raised Trip.com’s U.S. stock target price to $83, with third-quarter performance exceeding expectations

Zhao Yin International Research Report indicates that Trip.com Group (09961.HK) achieved a total revenue growth of 15.5% year-on-year in the third quarter, reaching RMB 18.4 billion, which is 1% higher than the bank and market expectations; non-GAAP operating profit was RMB 6.1 billion, exceeding the bank's expectations by 5%, due to better-than-expected operating leverage. Non-GAAP net profit was RMB 19.2 billion, far exceeding the market expectation of RMB 5.6 billion, mainly benefiting from a one-time gain from the sale of a portion of its stake in MakeMyTrip.

The bank believes that the group's overseas expansion is progressing smoothly, with average investment expenditure and revenue growth, which will create long-term value for the company. Based on the growth of international business revenue and the operational efficiency of domestic and outbound businesses exceeding expectations, the bank has raised its revenue forecasts for 2025 to 2027 by 1% to 5% and operating profit forecasts by 0% to 5%; the target price for Trip.com (TCOM.US) in the US stock market has been raised from $76 to $83, maintaining a "Buy" rating

### 相關股票

- [Trip.com (TCOM.US)](https://longbridge.com/zh-HK/quote/TCOM.US.md)
- [TRIP.COM-S (09961.HK)](https://longbridge.com/zh-HK/quote/09961.HK.md)

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