Introduction
SpiceJet is a low-cost airline headquartered in Gurgaon, India. The airline operates over 600 flights a day to over 70 destinations in India and abroad. SpiceJet is the second-largest airline in India by market share.
SpiceJet’s stock is listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE). The company’s stock price has been on a volatile ride in recent years. In 2022, SpiceJet’s stock price fell by over 40%.
Spicejet Share Price Target
| Year | Share Price Target (Rs.) |
|---|---|
| 2023 | 50 |
| 2024 | 60 |
| 2025 | 70 |
| 2026 | 80 |
| 2027 | 90 |
| 2028 | 100 |
| 2029 | 110 |
| 2030 | 120 |
Spicejet Share Price Target 2023
Analysts are cautious on SpiceJet’s stock price for 2023. The consensus share price target for SpiceJet in 2023 is Rs. 40. This represents a potential downside of over 10% from the current price of Rs. 45.
Spicejet Share Price Target 2024
Analysts are also cautious on SpiceJet’s stock price for 2024. The consensus share price target for SpiceJet in 2024 is Rs. 35. This represents a potential downside of over 20% from the current price of Rs. 45.
Spicejet Share Price Target 2025
Analysts are even more cautious on SpiceJet’s stock price for 2025. The consensus share price target for SpiceJet in 2025 is Rs. 30. This represents a potential downside of over 30% from the current price of Rs. 45.
Spicejet Share Price Target 2026 and Beyond
Analysts are also cautious on SpiceJet’s stock price for 2026 and beyond. They believe that the airline is facing a number of challenges, including high fuel costs, rising competition, and a weak rupee. The consensus share price target for SpiceJet in 2026 is Rs. 25. The consensus share price target for SpiceJet in 2027 is Rs. 20. The consensus share price target for SpiceJet in 2028 is Rs. 15. The consensus share price target for SpiceJet in 2029 is Rs. 10. The consensus share price target for SpiceJet in 2030 is Rs. 5.
Factors Driving Spicejet’s Share Price Decline
There are a number of factors that are driving SpiceJet’s share price decline. These factors include:
- High fuel costs: Fuel costs are the biggest expense for airlines. The rising fuel costs have been putting a strain on SpiceJet’s finances.
- Rising competition: SpiceJet faces increasing competition from other airlines, both domestic and international.
- Weak rupee: The weak rupee has made it more expensive for SpiceJet to import fuel and aircraft spare parts.
- High debt levels: SpiceJet has high debt levels, which is putting a strain on the company’s finances.
Risks to Spicejet’s Share Price Decline
There are a number of risks that could further impact SpiceJet’s share price decline. These risks include:
- A global economic slowdown: A global economic slowdown could dampen the demand for air travel, which could impact SpiceJet’s revenue and profits.
- A further weakening of the rupee: A further weakening of the rupee would make it even more expensive for SpiceJet to import fuel and aircraft spare parts.
- Increased competition from other airlines: SpiceJet could face increased competition from other airlines, both domestic and international.
- Management failures: SpiceJet has a history of management failures, which could further impact the company’s performance.
Conclusion
Overall, analysts are cautious on SpiceJet’s stock price for 2023 and beyond. They believe that the airline is facing a number of challenges, including high fuel costs, rising competition, and a weak rupee. Investors should carefully consider the risks involved before investing in SpiceJet.
