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On Tuesday, RBC Capital analysts upgraded EasyJet Plc. (LSE:EZJ) stock from Sector Perform to Outperform. The analysts also raised the price target for the airline to £6.50 from £5.70.
The upgrade is attributed to EasyJet’s favorable position amid robust travel demand in the UK. Analysts highlighted the airline’s potential to benefit from fuel and foreign exchange tailwinds, along with solid forecasts for the fiscal year 2026.
RBC Capital analysts noted that EasyJet’s own measures to enhance profitability, such as reducing winter losses, increasing aircraft size, and growing its Holidays division, could contribute positively. They see potential for the airline to exceed their above-consensus expectations for FY26.
The analysts expressed confidence in EasyJet’s strategic initiatives and market conditions, indicating potential upside in the company’s financial performance. The revised price target reflects these positive assessments.
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