Business
Is the Qantas (ASX:QAN) share price great value?
The Qantas Airways Limited (ASX: QAN) share price is trading lower with the market on Friday.
In afternoon trade, the airline operator’s shares are down 2% to $4.99.
Is the weakness in the Qantas share price a buying opportunity?
According to analysts at Goldman Sachs, investors should consider today’s weakness in the Qantas share price as a buying opportunity.
A note out of the investment bank this morning reveals that its analysts have retained their buy rating but trimmed their price target to $6.38. This follows the release of its half year results on Thursday.
Based on the current Qantas share price, this price target implies potential upside of almost 28% for its shares over the next 12 months.
What did Goldman Sachs…
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