Market's view on Wizz Air
Published on April 2024
- There is speculation about possible share price movements of a company, with technical analysis suggesting potential drops to the 1650 - 1700 region in the near future due to various factors including high oil prices and geopolitical tensions.
- Stock watchers are discussing different technical support levels for the company’s shares, including specific Fibonacci retracement levels and historical lows.
- Concerns are raised regarding the company’s debt levels, though it is noted that the company is on track with its fleet expansion plans, aiming for 500 aircraft by the end of the decade.
- Comparisons are being made with competitors like RyanAir, EasyJet, and Jet2, noting market capitalization differences and fleet sizes.
- The impact of political developments, such as EU funding disputes involving Hungary (where the company has links), on investor sentiment is discussed.
- There’s a mention of engine issues and other operational challenges that could be affecting the company’s performance and stock price.
- Analysts from Deutsche Bank and JPMorgan have adjusted their price targets for the company, indicating a shift in their market outlook.
- RBC Capital Markets adjusted their target price following the company’s interim results but maintained a positive ‘outperform’ rating due to potential for significant share price growth.
- Monthly and weekly trading cycles are analyzed, with predictions for short-term and long-term price targets based on technical indicators.