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The International Consolidated Airline Group (LSE:IAG) share price has been soaring in 2024. Up over 37%, it’s been one of the FTSE 100’s best-performing stocks.
Investors might feel like they’ve been here before, though, and things can come undone in a hurry in the airline industry. So the big question is, what does the future looks like?
Analyst estimates
It’s fair to say that analysts are somewhat divided on this one, but the general view is positive. From what I can see, the average price target is around 18% higher than the current level.
The most optimistic estimate is £4.50 – more than double the current level. That’s from Liberum, who think the market is forgetting how well the company was doing before Covid-19.
At the other end, HSBC analysts have a price target of £1.70, which is 20% below where the stock is currently. That’s from July, where Liberum’s estimate was in April.
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