5 Best Airline Stocks to Buy According to Analysts

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1. Azul S.A. (NYSE:AZUL)

Average Analyst Price Target as of February 20: $14.59

Upside Potential as of February 20: 94.02%

Number of Hedge Fund Holders: 13

Sao Paulo, Brazil-based Azul S.A. (NYSE:AZUL) is the largest airline in Brazil by number of flight departures and cities served. It offers around 1,000 daily flights to over 160 destinations with an operating fleet of over 180 aircraft.

On December 7, Azul S.A. (NYSE:AZUL) released its financial results for Q3 2023. Its total operating revenue increased by 12% y-o-y to R$4.9 billion, while net loss decreased by 35% y-o-y to R$1.1 billion.

As of Q4 2023, 13 prominent hedge funds tracked by Insider Monkey held shares of Azul S.A. (NYSE:AZUL), valued at $54 million. Howard Marks’ Oaktree Capital Management was the lead hedge fund shareholder with ownership of 1.6 million shares valued at $15 million.

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