IndiGo in Deep Turbulence: Big brokerages cut targets as flight crisis hits—What’s next for the stock?

IndiGo shares remained under pressure on Tuesday as the airline stock continued its sharp slide of the past few sessions. The stock has dropped nearly 14 per cent in just five trading days. It is down 13 per cent in one month and another 14 per cent over six months. On a year-to-date basis, the stock is now up only about 7 per cent, erasing most of its 2025 gains.

IndiGo share price today

Shares of IndiGo traded at Rs 4,899.50, down 0.49 per cent. The stock opened at Rs 4,901.00 and hit a high of Rs 4,968.00. The day’s low stood at Rs 4,850.00. Its market capitalisation is around Rs 1.90 lakh crore. The stock’s 52-week range remains between Rs 3,945.00 and Rs 6,232.50.

The recent fall has triggered concerns among investors on whether this is the right time to exit or hold the stock for the long term. Multiple brokerages have released their outlook, highlighting both risks and supportive factors.

Global brokerages have revised their target prices on InterGlobe Aviation after IndiGo’s recent operational disruption, but most have maintained their positive stance on the airline.

Goldman Sachs: Maintain Buy; target cut to Rs 5,700

Goldman Sachs cut its target to Rs 5,700 from Rs 6,000.
The brokerage said IndiGo’s disruption in early December — caused mainly by staffing shortages during the rollout of revised FDTL norms — led to multiple cancellations. The DGCA issued a show-cause notice and later granted temporary exemptions to stabilise operations.

Goldman has incorporated the disruption in current-quarter estimates, along with higher pilot costs expected in FY27. It said the situation is still evolving on the regulatory front.
The firm remains Buy-rated due to IndiGo’s dominant market position, lowest industry cost structure, strong supply visibility and growing passenger base. The stock may stay volatile until regulatory clarity emerges.

BoFA Securities: Maintain Buy; target cut to Rs 6,600

BoFA lowered its target to Rs 6,600 from Rs 6,700.
It said the worst of the flight disruptions is over, but rostering cost pressures could continue. The brokerage has cut Q3 net income estimates by 9 per cent to account for the disruption.
BoFA flagged risks from higher labour costs, regulatory issues and pricing challenges.

Goldman Sachs (re-stated)

Maintain Buy; target cut to Rs 5,700 from Rs 6,000.