05:05 AM EDT, 05/26/2025 (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 USD65 (from USD60) implies a 2025 P/E of 18.1x (vs. five-year average of 41.0x), based on our projected marginal decline in bottom-line for 2025 after three consecutive years of strong growth. We forecast TCOM's revenue growth to moderate to 14.8%/13.5% in 2025/2026 (2024: +19.7%) due to fading impact of pent-up demand-driven 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 to 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.