doublebonuspoker| Big Bank Rating| Citi: Raise Ctrip's target price to US$66 and raise its 2024 - 26 profit forecast

Citigroup released a research report stating thatdoublebonuspoker, Ctrip Group's non-GAAP operating profit margin reached 31doublebonuspoker.6%, the bank expects that although the group will gain further market share or increase marketing spending, it will maintain a sustainable profit margin trend under prudent cost control.

The bank believes that the group's strong sales growth will be offset by lower airfare prices, but the strong momentum may continue. Ctrip Group's 2024 - 26 earnings forecasts by 7%, 6% and 4% respectively, and raised the group's target price from US$55 to US$66. In view of its solid industry position, good profit margin trends and upward potential, maintain a "Buy" rating.