JPMorgan Cuts PT on Trip.com Group (TCOM) to $75 From $90 – Here’s Why
Trip.com Group Limited (NASDAQ:TCOM) is making waves as one of the most undervalued hotel stocks to invest in right now, according to a recent report by JPMorgan. Despite a recent price target cut to $75 from $90, the company continues to maintain an Overweight rating on the shares. This update comes on the heels of Trip.com Group Limited’s unaudited financial results for fiscal Q4 and full year 2025.
In fiscal Q4 2025, Trip.com Group Limited reported net revenue of RMB15.4 billion (US$2.2 billion), marking a 21% growth from the prior year period. This growth was primarily driven by resilient travel demand. However, net revenue for fiscal Q4 2025 saw a 16% decrease from the previous quarter, largely due to seasonality. For the full year 2025, net revenue reached RMB62.4 billion (US$8.9 billion), reflecting a 17% growth from 2024.
Accommodation reservation revenue for fiscal Q4 2025 totaled RMB6.3 billion (US$899 million), up 21% from the prior year period. This growth was fueled by an increase in accommodation reservations. However, accommodation reservation revenue for fiscal Q4 2025 decreased by 22% from the previous quarter, again due to seasonality.
Trip.com Group Limited is a global one-stop travel platform offering a wide range of services, including hotels, packaged tours, airline tickets, accommodations, corporate travel management, property management systems, and advertising services. The company operates under several brands, such as Ctrip, Qunar, Trip.com, and Skyscanner.
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In conclusion, Trip.com Group Limited continues to make a mark as an undervalued hotel stock with growth potential. Investors looking for opportunities in the travel sector may find Trip.com Group Limited to be a compelling option.
