Wheels Up boosts full-year revenue guidance from $912 million to $1.05-$1.1 billion; plans extra $25 to $35 million on tech, customer experience, pilot retention, and private jet capacity
Since becoming a publicly-traded company last month, Wheels Up is earning plaudits from at least one analyst following its first earnings call. At the same time, executives outlined how the private aviation provider deals with record demand that is swamping the industry.
RW Baird and Jefferies analysts set target prices for Wheels Up at $12 and $13 per share
Two more Wall Street analysts have issued opening perspectives on Wheels Up Experience. The private aviation company began trading on the New York Stock Exchange under the symbol UP earlier this month. Both analysts are markedly less bullish than Barrington Research’s Gary Prestopino. He set a price target of $19 to $21 for his 24-month outlook.
Barrington Research analyst Gary Prestopino gives Wheels Up an outperform rating and says its stock price could double
Wheels Up celebrated its IPO and the first day of trading on the New York Stock Exchange last week. It can also cheer what appears to be a solid report card from Barrington Research’s Gary Prestopino.
Renamed Wheels Up Experience is now trading on the New York Stock Exchange under the symbol UP. Here’s how it got there…
It was a cold New York morning just over two-and-a-half years ago that Wheels Up founder and CEO Kenny Dichter announced on CNBC he had hired Bank of America and Goldman Sachs to explore strategic initiatives. Yesterday, he rang the closing bell at the New York Stock Exchange, marking the private aviation provider’s first day as a publicly traded company.