JetBlue Airways (NASDAQ:JBLU) Shares Gap Up – Still a Buy?

Posted by Francis Steltz on Nov 2nd, 2026

JetBlue Airways Corporation (NASDAQ:JBLU – Get Free Report) gapped up before the market opened on Monday. The stock had previously closed at $2.85, but opened at $2.99. JetBlue Airways shares last traded at $3.1820, with a volume of 5,132,148 shares trading hands.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on JBLU. BMO Capital Markets reduced their price target on JetBlue Airways from $6.75 to $5.25 and set a “market perform” rating for the company in a research report on Monday, September 28th. Raymond James Financial lowered JetBlue Airways from a “market perform” rating to an “underperform” rating in a report on Monday, July 6th. Seaport Research Partners downgraded JetBlue Airways from a “buy” rating to a “neutral” rating in a research note on Monday, August 17th. Susquehanna reduced their target price on JetBlue Airways from $4.00 to $3.00 and set a “neutral” rating for the company in a report on Thursday. Finally, Barclays decreased their target price on JetBlue Airways from $7.00 to $5.00 and set an “equal weight” rating for the company in a research report on Friday, September 11th. Nine equities research analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, JetBlue Airways currently has an average rating of “Reduce” and a consensus price target of $4.89.

Get Our Latest Research Report on JetBlue Airways

JetBlue Airways Stock Up 11.8%

The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of -1.20 and a beta of 1.90. The company has a debt-to-equity ratio of 5.92, a quick ratio of 0.55 and a current ratio of 0.63. The business’s 50 day moving average is $3.98 and its 200-day moving average is $4.92.

JetBlue Airways (NASDAQ:JBLU – Get Free Report) last released its earnings results on Monday, October 26th. The transportation company reported ($0.60) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.55) by ($0.05). JetBlue Airways had a negative return on equity of 56.96% and a negative net margin of 10.01%. The firm had revenue of $2.81 billion for the quarter, compared to analyst estimates of $2.83 billion. During the same period in the prior year, the firm earned ($0.40) EPS. The firm’s revenue was up 21.1% on a year-over-year basis. Equities analysts anticipate that JetBlue Airways Corporation will post -2.73 EPS for the current fiscal year.

Hedge Funds Weigh In On JetBlue Airways

A number of institutional investors have recently made changes to their positions in JBLU. Chicago Partners Investment Group LLC boosted its stake in JetBlue Airways by 1,386.9% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 289,145 shares of the transportation company’s stock valued at $759,000 after purchasing an additional 269,699 shares during the period. Oregon Public Employees Retirement Fund grew its holdings in JetBlue Airways by 5.6% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 71,087 shares of the transportation company’s stock valued at $301,000 after buying an additional 3,800 shares during the last quarter. Vise Technologies Inc. acquired a new stake in JetBlue Airways in the 3rd quarter valued at approximately $158,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in JetBlue Airways in the 3rd quarter worth approximately $503,000. Finally, Citizens Financial Group Inc. RI increased its position in JetBlue Airways by 38.9% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 16,274 shares of the transportation company’s stock worth $69,000 after buying an additional 4,560 shares during the period. 83.71% of the stock is currently owned by institutional investors.

About JetBlue Airways

(Get Free Report)

JetBlue Airways Corporation is a U.S.-based passenger airline that provides scheduled air transportation to destinations across the United States, the Caribbean, Latin America and select locations in Europe. The company operates primarily from focus cities including New York, Boston, Fort Lauderdale, Orlando and Los Angeles, with a network designed to connect major metropolitan areas and leisure destinations.

JetBlue offers multiple classes and service options, including standard economy seating, extra-legroom EvenMore seats and its premium Mint service on select routes.