JPMorgan Chase issued a report sayingpennfierceiiispinningreel8000, Ctrip's share price has risen by about 58% since the beginning of the yearpennfierceiiispinningreel8000, significantly outperformed its peers, which is believed to be due to the positive revaluation of its earnings forecast, the improvement in the overall valuation of the industry, and the improvement in the medium-and long-term earnings prospects due to the recovery of travel demand. The bank remains positive for its stock price outlook for 6 to 12 months, mainly due to structural improvements in local market profit margins; increased outbound travel market share, driving profit growth in the next few quarters; and strong growth in its international online travel platform business, supporting long-term earnings growth.

The bank raised its target price for H-shares from HK$424 to HK$550, and raised its adjusted earnings per share forecast by 16% and 8% respectively this year and next, maintaining its "overweight" rating.