J.P. Morgan revises its USD/TRY forecast down to 41.86 for late 2025, reflecting changes in Turkish Airlines’ stock target price and dollar projections.
J.P. Morgan, the renowned New York-based investment bank, has provided updated projections for the USD/TRY exchange rate, forecasting a rate of 41.86 by December 2025. This adjustment is part of their broader evaluation of Turkish Airlines (THY) and its anticipated stock performance.
In a recent report, J.P. Morgan revised its target price for Turkish Airlines, upgrading its recommendation from ‘neutral’ to ‘overweight’ and setting a new target price of ₺494 per share. This revision reflects the bank’s optimism about the airline’s stock performance. Additionally, J.P. Morgan expects the price of THY shares to reach $11.8 by December 2025. This expectation implies a USD/TRY rate of 41.86, which is lower than their previous estimate.
Previously, J.P. Morgan had projected a USD/TRY rate of 42.82 for June 2025. This forecast was based on an earlier target price of ₺334 for Turkish Airlines, translating to approximately $7.8 per share. The recent update signifies a downward revision in the exchange rate forecast, aligning with adjustments in the airline’s stock expectations and broader economic indicators.
The decision to lower the forecast for the USD/TRY exchange rate comes amid shifting economic conditions and market dynamics. The reduction from the earlier estimate of 42.82 to 41.86 highlights J.P. Morgan’s refined outlook on the Turkish Lira and its relative strength against the US Dollar.
For investors and analysts, this forecast adjustment provides critical insights into J.P. Morgan’s perspective on future currency movements. The bank’s revised predictions are likely to influence investment strategies and financial planning related to both Turkish Airlines and broader market conditions.
As Turkish Airlines continues to navigate the evolving economic landscape, the updated forecast underscores the importance of closely monitoring currency exchange rates and their impact on investment valuations. With the new target price for THY and the revised USD/TRY rate, stakeholders will need to reassess their financial positions and strategies accordingly.
In summary, J.P. Morgan’s updated forecast for the USD/TRY exchange rate reflects a nuanced view of Turkey’s economic environment and the performance of major companies like Turkish Airlines. The predicted rate of 41.86 by December 2025 marks a strategic adjustment, offering valuable guidance for investors and financial analysts in the coming months.
Source: Dunya.com / Prepared by Irem Yildiz