JetBlue's stock price rose 0.18% to $16.58 after analysts at the German bank issued what they characterized as a "catalyst call" for investors to buy up the airline's shares.
A recent 15% drop in JetBlue's stock price provides buyers with a chance to acquire shares at an advantageous price, with the airline poised to move higher thanks to good market position and solid financials.
JetBlue's surge comes after nearly three weeks of turbulence for the airline's stock, which hit $19.70 on Aug. 8 before beginning a bumpy ride down. The airline's shares fell 3.22% on Tuesday to $16.55.
Deutsche Bank is not the only one high on the airline's stock, with Zacks Investment Research calling JetBlue a top growth stock.
While JetBlue has an historical earnings per share growth rate of 10.8%, the airline is poised to fly past that with a 30.8% jump in EPS this year, Zacks noted, "crushing the industry average, which calls for EPS growth of 25.7%."
The airline also scores high on efficiency, wringing 74 cents in sales for each dollar in assets compared to the industry average of 73 cents, according to Zacks.
Save 57% With Our Labor Day Sale. Join Jim Cramer's Action Alerts PLUS investment club to become a smarter investor! Click here to sign up!