Behind US stock gains, gold’s climb reflects growing market uncertainty: Macquarie
Investing.com - TD Cowen has raised its price target on JetBlue Airways (NASDAQ:JBLU) to $5.00 from $4.00 while maintaining its Hold rating on the stock. The airline, currently valued at $1.85 billion, trades at 0.77 times book value, with analyst targets ranging from $3.00 to $8.00 per share.
The price target increase follows JetBlue’s positive guidance revision last week, which indicated strong demand continuing through August and into the Labor Day holiday period.
TD Cowen noted that better-than-expected operational performance last month drove benefits to both top and bottom lines for the airline, which should support Net Promoter Score (NPS) metrics.
The firm highlighted that opportunities at Fort Lauderdale-Hollywood International Airport (FLL) resulting from Spirit Airlines’ challenges remain a focus area for JetBlue.
JetBlue management is scheduled to speak at a competitor conference on Thursday at 4:00 PM Eastern Time, according to TD Cowen’s research note.
In other recent news, JetBlue Airways reported its second-quarter 2025 earnings, surpassing analyst expectations with an earnings per share (EPS) of -$0.21, compared to the forecasted -$0.33. The airline also exceeded revenue expectations, reporting $2.4 billion against a forecast of $2.29 billion. Additionally, JetBlue updated its third-quarter 2025 guidance, citing improved revenue and cost outlooks due to strong demand for air travel and robust bookings. Despite this positive outlook, Goldman Sachs maintained its Sell rating on JetBlue stock, with a price target of $3.50, highlighting a cautious stance. The airline also announced new routes, including its first-ever service to Vero Beach, Florida, and a return to Daytona Beach, Florida, with daily flights starting in December 2025. These developments reflect JetBlue’s strategic expansion in key leisure markets. The company’s operational performance in August was described as strong, contributing to better-than-expected revenue results.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.