Qantas shares slide to 6-mth low as airline trims revenue outlook
Investing.com - Rothschild Redburn raised its price target on Ryanair (NASDAQ:RYAAY) to €33.00 from €28.00 on Tuesday, while maintaining a Buy rating on the Irish airline’s stock.
The price target increase follows Ryanair’s first-half results, which showed a small net income beat driven by better-than-anticipated pricing and cost performance, according to the research firm.
Rothschild Redburn noted that while the outlook for the second half remains unclear, there are positive indicators including year-over-year booking increases and strong peak pricing that will likely outweigh the need for slight stimulation during shoulder periods.
The firm left its fiscal 2026 forecasts unchanged, which remain approximately 3-4% above consensus estimates, while raising fiscal 2027 forecasts by roughly 4%, placing them about 11% above consensus.
The new €33 price target implies Ryanair shares would trade at 7.5 times fiscal 2027 EV/EBITDA, with the increase reflecting both raised forecasts and greater weighting to outer year earnings.
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