Citigroup Cuts JetBlue Airways (NASDAQ:JBLU) Price Target to $4.40

JetBlue Airways (NASDAQ:JBLU) had its target price decreased by Citigroup from $6.00 to $4.40 in a research report report published on Friday,Benzinga reports. Citigroup currently has a neutral rating on the transportation company’s stock.

Several other equities analysts have also commented on JBLU. UBS Group dropped their target price on JetBlue Airways from $4.00 to $3.50 and set a “sell” rating on the stock in a report on Monday, March 16th. TD Cowen raised JetBlue Airways from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 10th. Susquehanna upped their price objective on JetBlue Airways from $4.55 to $5.00 and gave the stock a “neutral” rating in a research report on Friday, January 9th. The Goldman Sachs Group increased their price objective on JetBlue Airways from $3.50 to $4.00 and gave the company a “sell” rating in a report on Tuesday, January 13th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of JetBlue Airways in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, six have given a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Reduce” and an average price target of $4.83.

JetBlue Airways Trading Down 1.9%

NASDAQ JBLU opened at $4.03 on Friday. JetBlue Airways has a 52 week low of $3.34 and a 52 week high of $6.50. The firm has a 50 day moving average of $5.21 and a two-hundred day moving average of $4.87. The company has a quick ratio of 0.69, a current ratio of 0.74 and a debt-to-equity ratio of 3.65. The stock has a market capitalization of $1.49 billion, a PE ratio of -2.41 and a beta of 1.72.

JetBlue Airways (NASDAQ:JBLU) last announced its quarterly earnings data on Tuesday, January 27th. The transportation company reported ($0.49) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.45) by ($0.04). The firm had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.22 billion. JetBlue Airways had a negative net margin of 6.64% and a negative return on equity of 25.62%. JetBlue Airways’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.21) earnings per share. As a group, research analysts expect that JetBlue Airways will post -0.69 EPS for the current fiscal year.

Institutional Investors Weigh In On JetBlue Airways

Institutional investors and hedge funds have recently bought and sold shares of the stock. Goldman Sachs Group Inc. grew its holdings in shares of JetBlue Airways by 85.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 12,124,292 shares of the transportation company’s stock worth $55,166,000 after purchasing an additional 5,591,470 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of JetBlue Airways by 1.7% in the 2nd quarter. Geode Capital Management LLC now owns 7,745,777 shares of the transportation company’s stock valued at $32,770,000 after purchasing an additional 128,622 shares during the last quarter. Par Capital Management Inc. lifted its holdings in shares of JetBlue Airways by 105.3% in the 2nd quarter. Par Capital Management Inc. now owns 5,487,425 shares of the transportation company’s stock valued at $23,212,000 after purchasing an additional 2,814,870 shares during the last quarter. U S Global Investors Inc. boosted its position in shares of JetBlue Airways by 4.9% in the 4th quarter. U S Global Investors Inc. now owns 4,728,754 shares of the transportation company’s stock valued at $21,516,000 after purchasing an additional 219,622 shares during the period. Finally, Invesco Ltd. boosted its position in shares of JetBlue Airways by 10.1% in the 2nd quarter. Invesco Ltd. now owns 4,513,312 shares of the transportation company’s stock valued at $19,091,000 after purchasing an additional 412,921 shares during the period. 83.71% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about JetBlue Airways

Here are the key news stories impacting JetBlue Airways this week:

• Positive Sentiment: JetBlue raised its Q1/unit‑revenue outlook and reported stronger-than-expected demand across cabins, saying higher revenue trends are helping offset fuel headwinds. This supports near‑term revenue momentum. Read More.
• Positive Sentiment: TD Cowen bumped its price target to $5 from $4 and kept a Hold rating after conference takeaways showed better‑than‑expected fuel impact and bookings, giving some analyst support to the shares. Read More.
• Neutral Sentiment: Oil prices pulled back in Europe, briefly improving sentiment for airline and leisure stocks; a weaker oil backdrop would help JetBlue’s cost outlook but recent geopolitical volatility keeps the outlook unstable. Read More.
• Negative Sentiment: UBS cut its price target to $3.50 (from $4), saying rising fuel prices increase airline uncertainty and volatility — a direct headwind to JBLU’s valuation and a likely contributor to today’s selling pressure. Read More.
• Negative Sentiment: Citigroup lowered its price target from $6.00 to $4.40 and assigned a Neutral rating; the cut reduces upside expectations and signals analyst caution despite some operational improvements. Read More.
• Negative Sentiment: Analysts remain wary: the sector faces higher jet fuel assumptions and recent earnings showed losses and margin pressure for JetBlue, leaving consensus sentiment skewed toward Reduce/Neutral even as demand holds up. This analyst mix heightens downside risk. Read More.

JetBlue Airways Company Profile

JetBlue Airways Corporation is a low-cost scheduled passenger airline headquartered in Long Island City, New York. Since commencing service in 2000, the carrier has built a reputation for combining competitive fares with enhanced onboard amenities, including free in-flight entertainment, complimentary snacks and beverages, and onboard Wi-Fi. JetBlue operates a single fleet type of Airbus A320 family and Embraer 190 aircraft, which supports its focus on efficiency and operational consistency.

The airline’s core offerings include economy-class travel and a premium business-class product known as Mint, which features lie-flat seats, curated culinary options and elevated service on select transcontinental and international routes.