Ryanair Share Price Target Raised – Analyst Eyes 20% Upside

Ryanair shares (RYA: IE00BYTBXV33) received a bullish signal as JPMorgan analyst Harry Gowers elevated the firm’s price target to €30 from €28, reaffirming an “Overweight” rating.

The Euronext-listed shares are currently trading at €24.61, indicating a perceived upside of more than 20% from here.

Ryanair's shares have shown an appetite for growth over the past year, rising by 80%. The stock’s resilience is further highlighted by holding above key moving averages, signalling a sustained bullish trend.

The airline's recent financial results reinforce this positive outlook. In the first quarter of fiscal year 2026, Ryanair reported a net profit of €820 million, significantly up from €360 million in the same period last year. This surge was fueled by a 4% increase in passenger numbers, reaching 57.9 million, and a 7% rise in ancillary revenues, hitting €1.39 billion.

The airline is proactively addressing future growth through strategic investments. Ryanair has confirmed an order with Boeing to purchase 300 Boeing 737 MAX 10 aircraft, with deliveries scheduled between 2027 and 2033. This fleet modernization effort is expected to enhance operational efficiency and reduce costs.

However, operational challenges loom. CEO Michael O'Leary warned that Boeing aircraft delivery delays could lead to higher fares for passengers, potentially increasing prices by 10% during the summer due to a shortage of new planes. Despite this warning, Ryanair's share price increased by 0.39% on the day of the announcement, indicating investor confidence in the company's ability to manage these issues.

Looking ahead, consensus analyst estimates for 2026 show a P/E ratio of 12x, dropping to 10.6x for 2027, with dividend yields expected at 1.9% (2026) and 2.21% (2027). These figures suggest continued profitability and increasing shareholder returns.

Analyst Harry Gowers at JPMorgan stated that the raised price target reflects confidence in Ryanair's “ability to navigate operational challenges and capitalize on growth opportunities.” He also noted the airline's “strong balance sheet and disciplined cost management” as key factors supporting the positive outlook.