Ryanair CEO O'Leary Responds to Musk's Comments as Stock Rises 62% Over the Year
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3d ago
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Source: stocktwits
- Escalating Online Feud: Ryanair labeled Musk's comments as 'Twitshit' and announced that CEO O'Leary will address these remarks in a press conference on January 21, highlighting the ongoing conflict that could impact public perception.
- Strong Stock Performance: Ryanair's U.S.-listed stock has risen 62% over the past year, indicating robust financial performance despite controversies and reflecting market confidence in its business model.
- Musk's Polling Influence: Musk conducted a poll asking if he should buy Ryanair, with nearly 78% of respondents in favor, showcasing his influence and the public's interest in Ryanair's future direction.
- CEO Bonus Incentives: O'Leary received a significant bonus for achieving specific performance metrics, which not only enhances his personal stake but may also motivate him to drive further growth and innovation within the company.
Analyst Views on RYAAY
Wall Street analysts forecast RYAAY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for RYAAY is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 70.920
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Current: 70.920
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About RYAAY
Ryanair Holdings PLC is the leading airline group by passenger numbers in Europe. The company employs a low-cost no-frills model to offer low fares to leisure customers on short-haul intra-European routes. In 2020, the most recent pre-pandemic fiscal year, the company carried 149 million passengers, utilizing a fleet of 467 Boeing 737 aircraft across its 1,800 routes. To keep costs low the company serves predominantly lower-cost secondary airports. The company generated sales of EUR 8.5 billion in fiscal 2020.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
