AUS
NZ
UK
CA
USA
IND
Highlight Points:
- Record High Stock Price: Qantas shares hit AU$10.30, their highest level ever, rising 3.1% in a weak market.
- Brokerage Upgrades: UBS, Jarden, and Jefferies raised their price targets, reflecting confidence in Qantas' growth outlook.
- Dividend Comeback: Qantas announced its first post-pandemic ordinary dividend and a special dividend, the first in a quarter century.
Qantas Airways (ASX:QAN) shares climbed 3.1% to AU$10.30 on March 4, 2025, marking a record high for the second consecutive session, despite broader market weakness. The stock’s upward momentum follows a string of brokerage upgrades and a standout profit report that has reignited investor confidence in Australia’s flag carrier.
Brokerage Upgrades Fuel Momentum
Several major brokerages raised their price targets on Qantas after the airline delivered impressive earnings results last week.
- UBS lifted its target to AU$9.30 from AU$9.
- Jarden increased its target to AU$9.40 from AU$8.89.
- Jefferies set the most bullish target, raising its forecast to AU$11.42 from AU$10.86.
These upgrades reflect optimism about Qantas' financial recovery and future growth prospects, with analysts citing the airline’s ability to capitalize on post-pandemic travel demand.
Remarkable Stock Recovery
Qantas shares closed at AU$9.99 on Monday, nearly doubling in value from under AU$5 in late 2023. The airline’s stock has surged 14.1% year-to-date, significantly outperforming the broader market.
The strong stock performance highlights investor enthusiasm for Qantas' turnaround strategy, which has focused on cost efficiencies, network expansion, and restoring shareholder value.
Dividends Reward Patient Investors
In a landmark move, Qantas rewarded shareholders with its first ordinary dividend since the pandemic and declared a special dividend — the first in 25 years. The dividend announcement underscores the company’s robust financial position and commitment to returning value to investors after years of turbulence.
