EasyJet Shares: Analysts Boost Price Targets, Highlight Growth Potential

EasyJet (LON: EZJ) shares jumped on Tuesday and have edged further higher so far on Wednesday after the company received bullish commentary from analysts at Jefferies.

The low-cost airline's shares rose more than 3% in yesterday's session, closing at 564.8p, hitting its highest level since April 2024. It is up a further 0.5% in today's session, trading above 567p a share.

Jefferies analysts raised their target for the stock to 750p from 680p in a note, maintaining a Buy rating on the stock.

The firm told investors that the carrier's management is clearly focused “medium-term growth targets and Package Holiday market share growth.”

Furthermore, the investment bank believes there is “value crystallisation,” explaining that the Holidays unit can increase the company's medium-term targets in the next twelve months, which they feel “should also drive upside to shareholder returns.”

In October, Jefferies initiated coverage of easyJet with a Buy rating, saying that while the European airline sector faces challenges, Easyjet should be helped by its increasing package holiday business, fleet renewal through Airbus exposure, and self-help opportunities via optimising winter trading and ancillaries.

Elsewhere on Tuesday, analysts at Barclays raised their target for EZJ shares to 750p from 700p, maintaining an Overweight rating, while UBS lifted its target for the Buy-rated stock to 845p from 800p. Morgan Stanley also raised the firm's price target on EasyJet to 710p from 685p, keeping an Overweight rating on the shares.