Seaport Global Securities Reiterates Buy Rating on JetBlue Airways (JBLU)

Seaport Global Securities analyst Daniel McKenzie reiterated a Buy rating and $7.00 price target on JetBlue Airways (NASDAQ: JBLU)

The analyst comments "The Stock: This is a name we've gotten wrong; we've conceded it's a tough slog back to profitability and that it's not an overnight story. However, 50% of JBLU's flying is in NYC, a capacity constrained market that has not recovered post pandemic and that we believe does. Meanwhile, mgmt is making significant changes to the business to drive sustained profits. Industry supply across JBLU's routes (using a metro city definition) is down slightly in 3Q and while early, down in 4Q again. Given the depressed nature of JBLU's earnings this year and next, we're using an even blend of our 2025/2026 EBITDAR outlook. Thus, our revised $7 PT is based on the airline's EV trading at 6x an even blend of our 2025/2026 EBITDAR outlook."

For an analyst ratings summary and ratings history on JetBlue Airways click here. For more ratings news on JetBlue Airways click here.

Shares of JetBlue Airways closed at $4.74 yesterday.

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