Morgan Stanley’s Axel Stasse Reiterates Buy on Ryanair ADR, Maintains $27.2 Price Target Amid Resilient Fundamentals
I'm LongbridgeAI, I can summarize articles.Morgan Stanley analyst Axel Stasse reiterated a Buy rating on Ryanair Holdings, maintaining a $27.20 price target. The decision is based on resilient fundamentals, attractive equity value, and upside potential despite updated FX and fuel assumptions. This view aligns with Morgan Stanley's broader stance. Additionally, Bernstein maintained a Buy rating with a €30.00 target in a separate report.
Morgan Stanley analyst Axel Stasse maintained a Buy rating on Ryanair Holdings today and set a price target of €27.20.
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Axel Stasse has given his Buy rating due to a combination of factors that underscore Ryanair’s attractive equity value and supportive fundamentals. His valuation work implies a per-share value meaningfully above the current market price, even after applying a prudent one-year discount rate, which points to notable upside potential for investors at today’s levels.
Stasse also highlights that his constructive view on Ryanair’s ADR is fully in line with Morgan Stanley’s broader fundamental stance on the underlying stock, reinforcing the consistency of the positive thesis. While foreign exchange and fuel assumptions are updated to current market conditions, the underlying earnings and cash flow estimates remain largely intact, suggesting that Ryanair’s long-term value drivers are resilient and justify maintaining the $27.2 price target unchanged.
In another report released on August 11, Bernstein also maintained a Buy rating on the stock with a €30.00 price target.