Will JetBlue Airways (JBLU) be worth $20 in the next year?
What’s up with JetBlue Airways?
JetBlue Airways (JBLU) opened at $8.81, which means the stock is down 5.30% from yesterday’s closing price of 9.09. Today, the company has a high of $8.94 and a low of $8.49. The company has a market cap of $2.31 billion with a 52-week high of $21.65 and a 52-week low of $6.61.
What about the future for JetBlue Airways?
The high forecast for JetBlue Airways is $20.00 while the low is $9.00. Stock forecasts are based on human experience: Human traders based on their experience in terms of stock price patterns, volume changes, and market news/rumors regarding a particular stock. JetBlue Airways has a strong forecast. A strong forecast is a result of strong earning reports as investors are willing to pay a higher share price today because of growth expectations in the future. Based on this information JBLU seems to be a safe buy.
About JetBlue Airways
JetBlue Airways Corp. provides air transportation services. It carries more than 30 million customers a year to 86 cities in the U.S., Caribbean, and Latin America with an average of 850 daily flights. The company offers flights and tickets to more than 82 destinations, with accommodations such as free TV, free snacks, and most legroom. JetBlue Airways was founded by David Gary Neeleman in August, 1998 and is headquartered in Long Island City, NY.