Ryanair stock slips as JPMorgan keeps EUR 32 target

Published on 09/24/2026 at 23:29 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Ryanair stock traded at EUR 22.95 on September 24, 2026, while JPMorgan retained its EUR 32 target. First-quarter profit fell 34 percent as revenue rose 1 percent.

Weißes generisches Kurzstreckenflugzeug wird am Flughafengate in Dublin beladen — Fotorealistisches Bild eines generischen Kurzstreckenflugzeugs am Gate symbolisiert Ryanair Holdings plc, ISIN IE00BYTBXV33, Dublin, Illustration mit AI erstellt.

Ryanair stock (ISIN IE00BYTBXV33) was trading at EUR 22.95 on Euronext Dublin on September 24, 2026, down 1.08 percent. The move came as JPMorgan maintained its Buy rating and a EUR 32 target price for the airline, according to MarketScreener on September 23, 2026.

Profit falls as fares weaken

Ryanair's latest operating picture shows the tension behind the valuation. In FY27 Q1, revenue increased 1 percent year over year to EUR 4.384 billion, while profit after tax dropped 34 percent to EUR 538 million, according to GP Aviation Intelligence.

Traffic still grew 6 percent to 61.3 million passengers, and the load factor held at 94 percent. The contrast is important: operating costs increased 11 percent to EUR 3.809 billion, while revenue per passenger fell 5 percent in the same quarter.

Buyback adds a capital signal

Ryanair also completed its previously announced buyback program. A September 21, 2026 filing said the company repurchased 86,499 ordinary shares and 50,210 ordinary shares underlying American Depositary Shares between September 14 and September 15, then planned to cancel all purchased shares, according to StockTitan.

The buyback reduces the share count, but the quarterly comparison shows why fares and costs remain the immediate operating variables. Ryanair carried more passengers without converting that traffic growth into higher earnings, leaving the EUR 32 target 39.4 percent above the EUR 22.95 Euronext Dublin price.

Ryanair stock stays under pressure

Ryanair stock was trading at EUR 22.95 on Euronext Dublin on September 24, 2026, with a daily change of minus 1.08 percent. The market is weighing a 6 percent traffic increase against a 34 percent fall in quarterly profit and the EUR 32 JPMorgan target.