BofA Raises Ryanair Price Target Amid Higher Earnings Expectations

03:41 AM EST, 12/12/2025 (MT Newswires) -- BofA Global Research increased its price target and earnings estimates for Ryanair (RYA.IR), noting an anticipated fare hike and the Irish budget airline's ability to strengthen its competitive position. The research firm on Thursday raised the buy-rated stock's price target to 32.40 euros from 30.50 euros. Analysts also boosted their fiscal 2026 assumptions by 2% due to a 3% increase in fare estimates for the fiscal year's third quarter. "Ryanair's relentless focus on cost discipline and operational efficiencies will expand its competitive moat, driving market share gains in Europe. Ryanair is well positioned to grow profit per passenger towards the (Euro)12-14 target outlined by Michael O'Leary (we forecast (Euro)12 by FY29), driven by capacity constraints across the sector, strategic fleet modernisation with the delivery of the MAX-10 fleet, deliberate market allocation and low fuel prices," the note said. BofA added that it does not expect a new share buyback in fiscal 2026, even as the research firm highlighted the airline's "strong" balance sheet and free cash flow.