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.
