Citi Upgrades Air Lease (AL) stock, Lifts PT to $68

On May 20, Citi analyst Stephen Trent revised the outlook on Air Lease Corporation (NYSE:AL)’s stock, upgrading the rating from “Neutral” to “Buy” and raising the price objective from $45.00 to $68.00.

The upgrade comes after Air Lease Corporation (NYSE:AL), which is an aircraft leasing company, adopted a new capital allocation strategy, which focuses on shareholder value via potential share buybacks and acquisitions.

Therefore, the company will not be focusing on its traditional approach of organic growth with the help of direct purchases from aerospace manufacturers. The analyst highlighted that the company will continue to explore such new avenues.

A passenger jet taking off, representing the company’s commitment to air transportation services.

Overall, the change in stance exhibits the firm’s confidence in Air Lease Corporation (NYSE:AL)’s new direction and its ability to improve shareholder returns. Overall, the company continues to benefit from strong global aircraft demand in leasing and aircraft trading amidst persistent aircraft supply constraints. Air Lease Corporation (NYSE:AL) has had a healthy Q1 2025, thanks to fleet expansion, strong sales gains, and insurance settlements related to its aircraft in Russia.

While we acknowledge the potential of AL to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk.  If you are looking for an AI stock that is more promising than AL and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None.