JetBlue Airways Corp (NASDAQ: JBLU) stock enjoyed a major increase of 15.2% on 12/7/23. The shares closed at $5.45. Moreover, exceptionally high trading volume at 252% of normal accompanied the advance. The stock has been extremely weak relative to the market over the last nine months but has risen 22.5% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, JBLU is expected to continue to be a modest Value Builder.
JetBlue Airways has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. JetBlue Airways has a very high Appreciation Score of 91 but a very low Power Rating of 2, producing the Low Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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