Barclays analyst Brandon Oglenski maintains $JetBlue Airways (JBLU.US)$ with a sell rating, and adjusts the target price from $5 to $7.
According to TipRanks data, the analyst has a success rate of 58.7% and a total average return of 9.9% over the past year.
Furthermore, according to the comprehensive report, the opinions of $JetBlue Airways (JBLU.US)$'s main analysts recently are as follows:
JetBlue, with its offerings well-suited to capture the growing premium demand, continues to experience capacity restrictions influenced by factors beyond the management's direct influence. The airline's challenges with profitability are notably due to engine-related and regional capacity limitations, along with a leverage ratio that surpasses industry averages.
The firm anticipates a positive shift in airline fundamentals by 2025, which is expected to enhance market perception significantly, potentially leading to substantial appreciation in the share prices of industry leaders. The merging of advancing airline fundamentals with investor sentiment is projected to catalyze a robust surge in airline stocks as we look into the next year. It is expected that those who are currently leading will continue to dominate. The airline sector presents considerable growth opportunities as capacity expansion slows, competition among low-cost carriers undergoes a transformation, and the leading companies further solidify their market positions.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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