0702 GMT - Trip.com's growth momentum is expected to continue, according to Jefferies analysts Thomas Chong and Zoey Zong in a research note. Solid travel demand is driven by the young generation and early retirees, as well as the recovery in direct flights for Chinese travelers going abroad, the analysts say, based on management's remarks. Jefferies forecasts a 16% on-year growth in 1Q, supported by increases in accommodation and domestic revenue. The analysts maintain a buy rating, with a target price of US$77.00 for its ADRs, which last traded at $64.66. (tracy.qu@wsj.com)
(END) Dow Jones Newswires
February 25, 2025 02:02 ET (07:02 GMT)
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