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)
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.