Copa Holdings (CPA) is currently trading at $90.23, with a bullish price target of $180 set by UBS, indicating a potential upside of nearly 100%. The bull case is supported by its strong operational performance, including a 6.8% rise in passenger traffic and an 85.3% load factor in December 2024, alongside a low forward P/E ratio of 5.72, which suggests undervaluation. Additionally, its PEG ratio of 0.65 highlights attractive growth prospects relative to its valuation.