HSBC analyst Achal Kumar upgraded the rating on Wizz Air Holdings (WIZZ – Research Report) to a Buy today, setting a price target of p1,900.00.
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Achal Kumar’s rating is based on several positive indicators for Wizz Air Holdings. The company is expected to benefit from robust demand growth in Eastern Europe, where economic prospects are more favorable compared to the broader European context. This region’s GDP growth is anticipated to surpass overall European trends, suggesting increased travel demand that Wizz Air is well-positioned to capture. Additionally, Wizz Air’s focus on network densification is expected to enhance operational efficiencies, leading to improved market presence and the ability to attract more business travelers.
Another factor influencing the Buy rating is the stock’s current valuation, which trades below historical lows, presenting an attractive buying opportunity. The forward price-to-earnings ratio for fiscal year 2026 is significantly discounted compared to its pre-pandemic levels, suggesting a potential upside in value. Achal Kumar has thus upgraded the stock to Buy, with a target price of 1,900p, reflecting an expected increase in investor interest as the focus shifts towards fiscal year 2026 projections.
According to TipRanks, Kumar is ranked #2678 out of 9370 analysts.
In another report released on February 4, RBC Capital also maintained a Buy rating on the stock with a p2,300.00 price target.