Jefferies analyst James Wheatcroft has maintained their bearish stance on WIZZ stock, giving a Sell rating yesterday.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
James Wheatcroft has given his Sell rating due to a combination of factors impacting Wizz Air Holdings. The airline’s recent passenger data for January showed a moderate increase, with a 4% rise in passengers and an improved load factor. However, to meet market expectations, Wizz Air would need to accelerate its passenger growth significantly in the upcoming months, which could prove challenging given the anticipated industry hurdles, such as Easter-related disruptions.
Wheatcroft believes that these challenges pose a risk to Wizz Air’s ability to meet its full-year passenger growth targets. The potential shortfall, even if minimal, might negatively affect market sentiment. Consequently, these concerns have led him to adopt a cautious stance, resulting in a Sell recommendation for the stock.
In another report released yesterday, Barclays also assigned a Sell rating to the stock with a £10.00 price target.