Citi analyst Brian Gong cut his price target on Trip.com Group to $64 from $82 while maintaining a Buy rating, citing disappointing second-quarter 2026 guidance. Trip.com projected revenue growth of just 3% to 8%, a sharp deceleration from the 17% year-over-year growth posted in the first quarter of 2026. Gong noted that elevated fuel costs are suppressing travel demand, feeding directly into the weaker revenue outlook. Benchmark analyst Fawne Jiang also lowered his target to $65 from $72, keeping a Buy rating, and reduced fiscal 2026 forecasts due to a cautious near-term demand outlook and limited visibility in the second half.
Trip.com Group LtdElevated fuel costs suppressing travel demand, leading to weak Q2 guidance of 3-8% revenue growth.