Goldman Sachs reiterated its Buy rating on InterGlobe Aviation, setting a ₹5,900 target that projects a 21% upside from the Monday close.
The airline’s market share climbed from roughly 50% in FY20 to about 65% in August 2026, a 15‑point jump that analysts say will sustain growth despite liquidity challenges faced by the industry’s second‑largest player.
Consensus among 26 analysts is overwhelmingly positive—21 have a Buy, three Hold, and two Sell—with a 12‑month target of ₹5,585.31, implying nearly 15% upside from the current level.
Goldman Sachs expects only modest fleet additions across the medium term, a scenario that should support yield growth, while IndiGo’s cost leadership is projected to lift profitability in FY28.
Shares have slipped around 5% in 2026 and 15% over the last year, underscoring volatility despite the airline’s expanding footprint.
Looking ahead, IndiGo’s management signals a significant profitability boost in FY28 and a long runway for international expansion, positioning the stock for potential upside if the company capitalises on its cost advantage.