Trip.com (TCOM.US) rose 2.24% in pre-market trading, priced at $66.22. Trip.com will announce its earnings reports for the last quarter of last year at the end of February. Citibank's research reports predict that Trip.com's earnings reports for the last quarter will generally meet expectations, with adjusted earnings slightly exceeding market expectations. Regarding 2025, the firm believes the growth momentum in the domestic, outbound, and international markets is good, especially in the first quarter of 2025, due to a relatively low comparable base for outbound tourism, combined with the Lunar New Year holiday which will be longer because of the weekend and annual leave. Therefore, the firm will pay attention to potential positive comments regarding its performance in the first quarter of 2025 during the upcoming earnings reports and will initiate a 90-day positive catalyst observation. The firm has raised its earnings forecasts for Trip.com for 2025 and 2026 by 1% and 1% respectively, to reflect the latest trends in the hotel industry, and has increased Trip.com's target price on the US stock market from $73 to $78, maintaining a 'Buy' rating.