IndiGo shares rise on investor day's ambitious FY30 targets
IndiGo's stock shot up over 4% on Tuesday, June 9, 2026 after the airline shared some bold goals at its Investor Day.
They're aiming to fly 200 million passengers a year by FY30 (up from 123 million in FY26) and grow their fleet to more than 550 planes, quite a leap from the current 400.
Brokerages maintain buy citing 900 aircraft
Major brokerages like Goldman Sachs, Jefferies, and HSBC are still backing IndiGo with "Buy" ratings, pointing to strong fundamentals and a massive order book of 900 aircraft.
Their target prices range from ₹5,300 to ₹5,545 per share.
Meanwhile, JPMorgan is playing it safe with a "Neutral" rating at ₹4,610. They expect growth to slow down in FY27 before picking up again later.
Even with recent losses, analysts say IndiGo's focus on cost control and execution could help it hit its ambitious targets as India's aviation market keeps expanding.