Analyst Thomas Fitzgerald CFA of TD Cowen maintained a Hold rating on JetBlue Airways, retaining the price target of $5.00.
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Thomas Fitzgerald CFA has given his Hold rating due to a combination of factors impacting JetBlue Airways. The company is entering a pivotal year with various growth initiatives at Fort Lauderdale, the introduction of airport lounges, and the launch of domestic first-class seating, all expected to influence future performance. However, the analyst remains cautious due to the company’s leverage and the anticipated capital raise required to address a convertible bond maturing in 2026.
While there are positive developments such as the Blue Sky collaboration with United Airlines and expansion opportunities at Fort Lauderdale, these are likely to have a more significant impact on 2027 results rather than 2026. The management’s goal of achieving break-even or better EBIT is promising, but the leverage concerns keep the rating at Hold. The analyst maintains a price target of $5.00, reflecting a cautious optimism tempered by financial and operational challenges.
According to TipRanks, Fitzgerald CFA is a 4-star analyst with an average return of 10.4% and a 63.89% success rate. Fitzgerald CFA covers the Industrials sector, focusing on stocks such as JetBlue Airways, Air Canada, and Alaska Air.
In another report released today, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a $4.00 price target.