Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
The latest announcement is out from EasyJet ( (GB:EZJ) ).
EasyJet reported a significant improvement in its third-quarter profit, with a £50 million increase year-on-year, driven by strong demand and operational enhancements. The company anticipates continued growth for FY25, despite challenges such as higher fuel costs and industrial actions, with EasyJet holidays expected to deliver over £235 million in profits, reflecting a positive outlook for the group’s future performance.
The most recent analyst rating on (GB:EZJ) stock is a Buy with a £8.50 price target. To see the full list of analyst forecasts on EasyJet stock, see the GB:EZJ Stock Forecast page.
Spark’s Take on GB:EZJ Stock
According to Spark, TipRanks’ AI Analyst, GB:EZJ is a Neutral.
EasyJet’s strong financial recovery and attractive valuation drive the positive outlook. However, technical indicators currently suggest a cautious stance due to short-term bearish trends. Recent corporate actions further support confidence in the company’s strategic direction.
To see Spark’s full report on GB:EZJ stock, click here.
More about EasyJet
EasyJet plc is a prominent player in the airline industry, primarily offering low-cost air travel services across Europe. The company focuses on providing affordable flights to a wide range of destinations, leveraging a robust network of primary airports to cater to a diverse customer base.
Average Trading Volume: 4,988,611
Technical Sentiment Signal: Buy
Current Market Cap: £3.97B
Learn more about EZJ stock on TipRanks’ Stock Analysis page.