Gelonghui, January 3 | Trip.com (TCOM.US) rose 2.24% in pre-market trading, reaching $66.22. Trip.com will release its Earnings Reports for the last quarter by the end of February. Citibank's Research Reports suggest that Trip.com's last quarter earnings are expected to roughly meet expectations, with adjusted earnings slightly outperforming market expectations. As for 2025, the bank believes that growth momentum in the domestic, outbound, and international markets is strong, particularly in the first quarter of 2025, due to a lower comparable base for outbound tourism and the Lunar New Year holiday becoming longer due to the combination of weekends and annual leave. Therefore, the bank will pay attention to potential positive comments on Trip.com's performance in the first quarter of 2025 during the upcoming earnings release and will initiate a 90-day observation of positive catalysts. The bank has raised its earnings forecast for Trip.com for 2025 and 2026 by 1% each, reflecting the latest trends in the hotel industry, and has increased Trip.com's U.S. stock Target Price from $73 to $78 while maintaining a Buy rating. (Gelonghui)
美股异动丨携程网盘前涨超2% 获花旗上调目标价并开启90天正面催化剂观察
U.S. stocks movement | Trip.com rose over 2% before the market opened after Citigroup raised the Target Price and initiated a 90-day positive catalyst observation.
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