Trip.com (NASDAQ: TCOM) Stock Analysis: Revenue Surges Despite Price Target Reduction

• Citigroup lowered its price target for Trip.com (NASDAQ: TCOM) to $64 from $82, yet maintained a "Buy" rating, indicating continued investment potential.
• Trip.com's Q1 earnings per share (EPS) of $0.83 missed analyst estimates, but its revenue surged 17% to $2.35 billion, surpassing expectations due to high demand for its travel services.
• Despite the price target adjustment, the company's market capitalization remains robust at approximately $25.23 billion, reflecting its significant presence in the online travel agency market.

Trip.com (NASDAQ: TCOM) is a global travel service provider based in China. The company offers a wide range of services, including hotel accommodations, transportation ticketing, packaged tours, and corporate travel management. It operates several brands, making it a major player in the online travel agency (OTA) market.

On June 25, 2026, Citigroup lowered its price target on Trip.com to $64 from $82. A price target is an analyst's estimate of a stock's future value. Despite this reduction, the firm maintains its "Buy" rating, suggesting it still sees potential for the stock to increase from its price of $40.20 at the time.

This analyst update follows the company's recent financial report. For the first quarter, Trip.com announced earnings of $0.83 per share. This result missed the Zacks Consensus Estimate of $0.85 per share, as highlighted by Zacks. Earnings per share (EPS) represents the company's profit allocated to each outstanding share of stock, a key metric for investor analysis.

In contrast to its earnings, the company's revenue shows strong growth. It posted revenues of $2.35 billion, a 17% increase from the $1.91 billion reported in the same quarter a year ago. This revenue figure also beat analyst expectations, indicating a high demand for its travel services and robust business performance.

Looking forward, Executive Chairman James Liang states that inbound travel continues to gain momentum. Following the earnings news, the stock traded at $40.07, with a daily trading volume of around 9.96 million shares. The company's total value, or market capitalization, stands at approximately $25.23 billion, underscoring its significant market presence.