JetBlue Stock Surging Despite Sector Skepticism

The analyst also cut its price target to $10 from $15

Deputy Editor
Apr 6, 2020 at 12:42 PM
facebook X logo linkedin

JetBlue Airways Corp (NASDAQ: JBLU) is up 7% to trade at $8.05 at last check. This comes amid a slew of skepticism and downgrades throughout the airline sector. J.P. Morgan Securities is increasingly convinced that the airline industry's road to recovery back to 2019 levels of output will be a multi-year affair. The analyst subsequently downgraded JBLU to "neutral" from "overweight" and cut its price target to $10 from $15. 

Since hitting a six-year low of $6.61 on March 23, the equity has struggled to break out past the 20-day moving average. JBLU has taken a 58.3% haircut in the last three months, and is now down 58.9% year-to-date.

Analysts are leaning bearish today, as seven of the 12 covering firms sport a tepid "hold" or worse rating. Furthermore, the current target price of $15.25 is a  90% premium to current levels.


Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI