Shares of FTAI Aviation (NASDAQ:FTAI) went up 8.4% today. Analyst Andre Madrid thinks the company is doing well and gave it a Buy rating with a $190 price target. He believes the stock can double in a year. Other firms like Morgan Stanley also support the company.
FTAI Aviation’s shares have been very up and down recently. Today’s increase shows that people think the news is important, but it won’t change how they see the company.
The company’s stock fell 28.3% yesterday after releasing more information following a short report from Muddy Waters. FTAI disagrees with the report but might delay filing financial statements.
FTAI Aviation is down 36.6% this year and trades below its 52-week high. Investors who bought shares five years ago would have made a profit.
Vocabulary List:
- Shares /ʃɛrz/ (noun): Units of ownership in a company or financial asset.
- Soaring /ˈsɔːrɪŋ/ (verb): Increasing rapidly in amount or value.
- Analyst /ˈæn.ə.lɪst/ (noun): A person who studies or examines something in detail.
- Target /ˈtɑːrɡɪt/ (noun): A goal or objective particularly in business or investment.
- Increase /ɪnˈkriːs/ (verb): To become or make greater in size amount or degree.
- Profit /ˈprɒf.ɪt/ (noun): Financial gain especially the difference between the amount earned and the amount spent.
