In a report released today, Jaina Mistry from Jefferies maintained a Hold rating on Ryanair Holdings (RYA – Research Report), with a price target of €18.20.
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Jaina Mistry’s rating is based on several factors influencing Ryanair Holdings. The company has shown a modest increase in passenger numbers, with a 2% rise in January, bringing the total to 12.4 million passengers. This growth, while positive, is seen as neutral for the stock in the short term, as it aligns closely with market expectations.
Further, the company’s guidance for fiscal year 2025 anticipates reaching close to 200 million passengers, which would require a significant acceleration in growth to 9.6% during February and March. Despite potential challenges such as the Easter period in March, there is evidence of an increase in seat capacity that could support this growth. Overall, these factors suggest cautious optimism, leading to the Hold rating as the market waits to see if the anticipated growth materializes.
In another report released on January 24, Stifel Nicolaus also downgraded the stock to a Hold with a €20.00 price target.