ASLE Similar Chart Price Prediction
The price of ASLE is predicted to go up -11.74%, based on the high correlation periods with OPI. The similarity of these two price pattern on the periods is 98.69%.
ASLE
OPI
Down: -11.74%Similarity: 98.69%
ASLE Revenue Forecast
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ASLE Analyst's Forecast
Michael Ciarmoli
Truist Securities
Strong Buy
2024-10-18
Price Target
$10 → $8
Upside
+50.09%
Truist analyst Michael Ciarmoli lowered the firm's price target on AerSale to $8 from $10 and keeps a Buy rating on the shares as part of a broader research note previewing Q3 results in Commercial Aerospace / Defense sector. The firm points to an "obvious tough set up" and backdrop for commercial aero suppliers amid production challenges and the ongoing Boeing (BA) strike but notes that the aero aftermarket is "likely the favored place to be" with high probability of beat and raise type results, the analyst tells investors in a research note. Truist added that defense contractors should benefit from strong outlays and foreign military sales, with backlog growth that should also enable positive initial commentary on 2025.
