Citizens on Thursday raised its price target for FTAI Aviation (NASDAQ:FTAI) to $325.00 from $230.00 and kept a Market Outperform rating on the stock. The firm noted the change while pointing to FTAI’s recent market performance and an upgraded forecast framework. This target falls above the current analyst high target of $335, with FTAI currently trading at a P/E ratio of 62.8.
Citizens described FTAI as "one of the most impressive stories in the public markets over the past few years," observing that the share price has climbed roughly 20 times since the company’s infrastructure spin-off in 2022. The firm cited the stock’s movement from about $15 in fall 2022 to recently touching $300 as evidence of that trajectory. Supporting data from InvestingPro, as referenced by Citizens, shows a 187% return over the past year and a 142.6% gain in the last six months.
The new one-year valuation is built on a 25x EV/EBITDA multiple applied to Citizens’ increased 2026 estimates, a step up from its prior 18.5x multiple. Citizens stated it views the higher multiple as "more than warranted" in light of the company’s fundamentals. The firm also emphasized that the valuation for the $325 target is based solely on 2026 expectations and does not incorporate any additional growth into 2027, calling that posture a conservative approach.
In laying out the rationale, Citizens highlighted several underlying drivers: a robust growth trajectory, a remixing of earnings, and improved free cash flow prospects. InvestingPro metrics referenced by the firm show FTAI posted 51.4% revenue growth and earned a strong financial health score, with analysts projecting continued sales expansion this year. Citizens directed readers to a Pro Research Report for extended detail on valuation metrics and growth potential.
Developments beyond Citizens’ note have also attracted analyst attention. FTAI announced a multi-year agreement with CFM International - the joint venture between GE Aerospace and Safran - to provide component and repair support for CFM56 engines. The stated objective of the agreement is to extend the life of those engines through optimized repair and maintenance offerings.
Following the CFM International announcement, several brokerages adjusted their views. RBC Capital raised its price target for FTAI Aviation to $350 while maintaining an Outperform rating. BTIG set a target of $335 and kept a Buy rating. Compass Point increased its target to $327, citing the potential financial contribution of FTAI Power, a recently launched business line that the firm said could generate meaningful incremental annual EBITDA.
Analysts at these firms characterized the partnership with CFM International, the approval of a third PMA part, and the launch of FTAI Power as strategically significant developments that bolster FTAI’s operational capabilities. Collectively, these items have contributed to elevated analyst confidence in the company’s strategic direction.
While Citizens’ updated target and peer upward adjustments reflect optimism about FTAI’s trajectory, the valuation approach remains narrowly focused on 2026 figures, intentionally excluding potential upside in 2027. That framing was presented by Citizens as a conservative stance even as it increased the EV/EBITDA multiple used in its modeling.
Investors watching FTAI will likely weigh the interplay between rapidly expanding expectations, near-term cash flow prospects and how recently announced commercial agreements translate into durable aftermarket revenue. The company’s recent operational milestones and third-party endorsements from multiple brokerages have clearly shifted the narrative, but Citizens’ note underscores that the one-year target is underpinned by explicit 2026 assumptions rather than multiyear extrapolation.