Jefferies analyst Jaina Mistry maintained a Buy rating on EasyJet (EJTTF – Research Report) today and set a price target of £7.10.
Jaina Mistry has given her Buy rating due to a combination of factors that suggest potential growth for EasyJet. Despite the lack of significant catalysts in the fiscal second quarter, there is optimism for the second half of the year if yield and revenue per available seat kilometer (RASK) begin to improve as capacity growth stabilizes.
Additionally, EasyJet has shown promising progress with its self-help initiatives in the first quarter, which enhances its valuation appeal. The market currently undervalues the ‘Holidays’ segment, presenting potential value realization opportunities if the company decides to increase its medium-term Holidays targets later in the fiscal year.
According to TipRanks, Mistry is ranked #2906 out of 9389 analysts.
In another report released on February 19, J.P. Morgan also maintained a Buy rating on the stock with a £7.50 price target.