Turkish Airlines Tops Analyst Reports in Q2 2025 Earnings Season

During the Q2 2025 earnings season, Turkish Airlines (THY) became the most-covered stock by banks and brokerage houses, according to ForInvest News. The flagship carrier received 19 target price and recommendation reports, placing it ahead of all other companies on analysts’ radar.

Among the 19 institutions covering THY, the highest target price was ₺571.6, the lowest was ₺430.0, and the average target price stood at ₺491.7. Analysts highlighted declining fuel costs and slowing inflation—which boosted operational profitability—as key strengths. The main weakness identified was a slowdown in cargo revenue growth.

Ford Otosan and Garanti BBVA followed closely, each receiving 18 analyst reports. Garanti’s strong profits were attributed to large provision reversals, robust fee and commission income, and subsidiary earnings. Ford Otosan, which had a weak start to the year, showed strong recovery in Q2 thanks to a rebound in European sales.

ASELSAN was covered by 14 reports, Akbank by 13, TÜPRAŞ by 12, and TAV Airports by 11. Meanwhile, Erdemir, İş Bankası, Koç Holding, Türkiye Sigorta, Vakıfbank, and Yapı Kredi each received coverage from 10 institutions.

Average target prices based on the compiled reports were as follows:

• Ford Otosan: ₺145.0

• Garanti BBVA: ₺193.6

• ASELSAN: ₺214.2

• Migros: ₺828.3

• Turkcell: ₺152.30

• Akbank: ₺92.1

• TÜPRAŞ: ₺221.5

• TAV Airports: ₺396.8

These figures reflect strong institutional interest in Türkiye’s key listed companies during the mid-year earnings cycle.