07:55 AM EDT, 09/02/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

Our target price of USD80 (from USD65) implies a 2026 P/E of 18.9x (vs. five-year average of 39.7x), based on our projected slower but decent bottom-line growth through 2026 after strong profitability turnaround in the past five years. We forecast TCOM's revenue growth to moderate to 14.8%/13.5% in 2025/2026 (2024: +19.7%) due to the fading of pent-up demand-led growth and increasing global macroeconomic uncertainties. Nonetheless, the growth will be supported by revival of domestic trips and inbound/outbound tourism , as well as TCOM's expansion into lower-tier cities in China and wider product offerings. We also forecast net margin to decline in 2025 due to higher sales and marketing expenses amid heightened market competition, before improving slightly in 2026, aided by scale efficiency and productivity gains. We maintain our 2025/2026 EPADS estimates of CNY25.80/CNY30.33.