Jenny Harrington sees a 40% upside in this airline stock

JetBlue Airways Corporation (NASDAQ: JBLU) has taken quite a beating this year, with shares down more than 30% from the year-to-date high in mid-March. Now that travel is returning, however, Gilman Hill’s Jenny Harrington says it’s time to hop back on.

Harrington makes a bullish case for JetBlue

Harrington added JetBlue to her growth portfolio earlier in November. On a continued recovery in business and leisure travel in the coming months, she sees an about 40% upside in the stock. On CNBC’s “Worldwide Exchange”, she said:

Other reasons she likes JetBlue include a high free cash flow yield. The stock is currently trading near its year-to-date low that further makes it a great buying opportunity.

Berman confirms the travel industry is recovering

Also on Friday, Scott Berman of PwC said the travel industry was in a much better shape now than it was about six months ago. In a separate interview on CNBC’s “Worldwide Exchange”, he noted:

According to Berman, bookings for 2022 look strong, which could translate to higher prices, at least in the high-demand periods like the holidays.