23 Mar 2026 | 5 Mins Read
Goldman Sachs cuts IndiGo target price by 13%, impacts upside
Flipitmoney
Goldman Sachs trimmed its target price for InterGlobe Aviation by 13.3% to Rs 5,200 apiece, implying a 25% upside from the last closing price of Rs 4,146. The brokerage maintained a Buy call citing rising fuel costs, near-term Middle East traffic weakness, and industry consolidation favoring IndiGo. Key EBITDAR estimates were revised to Rs 13,700 crore for FY26 and Rs 24,400 crore for FY28.