0849 GMT - Trip.com may face slowing revenue growth in 2025, Nomura analysts say in a research note. Chinese travel demand and sentiment may be dented by a challenging macro environment, similar to trends seen in other consumer-facing industries over the past two years, the analysts say. Against this backdrop, Nomura forecasts the Chinese online travel agency's domestic tour revenue to grow 8% in 2025, slowing from 10% growth last year. Outbound tour revenue is projected to grow 18% this year, compared with 58% last year, the analysts say. Nomura keeps a neutral rating on the stock and cuts its target price on the ADRs to US$57.00 from US$61.00. The ADRs last closed at US$58.61. (tracy.qu@wsj.com)
(END) Dow Jones Newswires
February 27, 2025 03:49 ET (08:49 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.