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Goldman Sachs Bullish on IndiGo: Stock to Soar to ₹5900, Here's Why
M
Moneycontrol•29-09-2026, 15:57
Goldman Sachs Bullish on IndiGo: Stock to Soar to ₹5900, Here's Why
- •Goldman Sachs has given a 'buy' rating to InterGlobe Aviation (IndiGo) shares with a target price of ₹5900.
- •The brokerage firm is positive due to IndiGo's increasing market dominance, favorable industry capacity, cost leadership, and long-term international business growth potential.
- •IndiGo's market share is expected to grow from approximately 50% in FY2020 to about 65% by August 2026.
- •Goldman Sachs anticipates a slight increase in the industry's fleet size in the medium term, which could support yields.
- •High oil prices remain a near-term concern, but significant improvement in profitability is expected in FY2028.
Key Questions Answered
Goldman Sachs analysts have issued a 'buy' rating on IndiGo's parent company, InterGlobe Aviation, with a fixed target price of ₹5,900.
Goldman Sachs is optimistic due to IndiGo's increasing market dominance, favorable industry capacity, cost leadership, and long-term international business growth potential. The airline's market share grew from about 50% in FY2020 to roughly 65% in August 2026.
IndiGo's shares reached a one-year record high level of ₹5,958.75 on the BSE on November 27, 2025.
