© Reuters. Could Air Canada’s Value Double in 5 Years? Here’s What’s Needed
Kalkine Media – Air Canada (TSX:) (:AC) stock has shown little movement since the height of the COVID-19 pandemic, despite the company’s resurgence in profitability and growth. With its peak price in 2020 and subsequent decline, investors are left wondering if the stock could potentially double in the next five years.
While doubling in five years is theoretically possible, it’s essential to assess the company’s performance to gauge its likelihood. Air Canada has experienced robust revenue growth, with a 46% increase in the last 12 months and a 19% growth in its most recent quarter. This indicates positive momentum in the company’s top-line performance. In the context of TSX industrial stocks, Air Canada’s revenue growth underscores the potential for strong performance within the sector, providing valuable insights for investors evaluating industrial stock opportunities.
Moreover, Air Canada’s…
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