Major Bank Ratings | Citi: Maintains "Buy" rating for Trip.com Group on US stocks, expects Q1 revenue to meet market expectations

Glonghui, April 17 — Citi published a research report, expecting Trip.com's revenue and adjusted operating profit for the first quarter this year to be in line with market expectations. Looking ahead to the second quarter, the bank expects the impact of Middle East conflicts to remain manageable, estimating that the contribution from these regions to Trip.com's outbound tourism and Trip.com’s revenue accounts for less than a mid-single-digit percentage, and that travel demand to the area may shift to other destinations. The bank believes Trip.com enjoys healthy travel demand and development potential, maintains a “Buy” rating on Trip.com’s US shares, and reiterates the target price of $82.