{"id":57608,"date":"2026-01-26T08:19:20","date_gmt":"2026-01-26T08:19:20","guid":{"rendered":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/2026\/01\/26\/tav-havalimanlari-tavhl-icin-2026-hedefi-belli-oldu\/"},"modified":"2026-01-26T08:19:20","modified_gmt":"2026-01-26T08:19:20","slug":"tav-havalimanlari-tavhl-icin-2026-hedefi-belli-oldu","status":"publish","type":"post","link":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/2026\/01\/26\/tav-havalimanlari-tavhl-icin-2026-hedefi-belli-oldu\/","title":{"rendered":"Tav Havalimanlar\u0131 (TAVHL) i\u00e7in 2026 hedefi belli oldu"},"content":{"rendered":"

Tav Havalimanlar\u0131 Holding A.\u015e. (TAVHL) hisseleri i\u00e7in arac\u0131 kurumlar\u0131n\u00a0hedef fiyat<\/a>\u00a0a\u00e7\u0131klamalar\u0131 devam ediyor. 26 Ocak g\u00fcn\u00fc bir arac\u0131 kurum, TAVHL hisse senedini ara\u015ft\u0131rma kapsam\u0131na alarak hedef fiyat a\u00e7\u0131klamas\u0131 yapt\u0131.<\/p>\n

\"|<\/figure>\n

Hedef fiyat haberleri \u2013 TAV hisse yorumu<\/h2>\n

Raporda \u015fu ifadeler kullan\u0131ld\u0131; \u201cDe\u011ferlememiz \u015firketin fonksiyonel para birimi olan euro baz\u0131nda yap\u0131lm\u0131\u015f olup, par\u00e7alar\u0131n toplam\u0131 (SOTP) y\u00f6ntemi ile ger\u00e7ekle\u015ftirilmi\u015ftir. %8,2 ortalama \u00f6zkaynak maliyeti de\u011ferlememizde kullan\u0131l\u0131rken, t\u00fcm bile\u015fenler i\u00e7in ba\u011f\u0131ms\u0131z indirgenmi\u015f nakit ak\u0131\u015f\u0131 y\u00f6ntemi kullan\u0131lm\u0131\u015ft\u0131r.
Havac\u0131l\u0131kta Artan Rekabet Havaliman\u0131 \u0130\u015fletmecileri \u0130\u00e7in F\u0131rsat Yarat\u0131yor; <\/em>Bilindi\u011fi \u00fczere pandemi sonras\u0131nda havac\u0131l\u0131k g\u00fc\u00e7l\u00fc bir toparlanma s\u00fcrecine girdi. Artan talep havayollar\u0131n\u0131n g\u00fc\u00e7l\u00fc kapasite art\u0131\u015f yat\u0131r\u0131mlar\u0131 yapmas\u0131na neden oldu. Ancak, \u00fcretici taraf\u0131nda modellerde ya\u015fanan teknik problemler ve grev gibi sebeplerle talebe yeti\u015femeyen bir yap\u0131 g\u00f6zlemlendi. \u00d6zellikle Boeing taraf\u0131nda sorunlar\u0131n b\u00fcy\u00fck \u00f6l\u00e7\u00fcde \u00e7\u00f6z\u00fclmesiyle birlikte teslimat rakamlar\u0131nda pozitif ivmelenme g\u00f6ze \u00e7arp\u0131yor. Artan kapasite ile birlikte havayollar\u0131n\u0131n birim biletleme ve kargo gelirlerinde rekabet kaynakl\u0131 reel art\u0131\u015flar beklenmiyor. Bizim g\u00f6r\u00fc\u015f\u00fcm\u00fcz de ilerleyen s\u00fcre\u00e7 i\u00e7in havayollar\u0131n\u0131n kapasite art\u0131\u015f\u0131 ve petrol fiyatlar\u0131ndaki d\u00fc\u015f\u00fc\u015f kaynakl\u0131 zay\u0131f bir performans g\u00f6stermeyece\u011fi y\u00f6n\u00fcnde olsa da, birim karl\u0131l\u0131k taraf\u0131nda sekt\u00f6r\u00fc ge\u00e7mi\u015fe nazaran zorlu bir s\u00fcre\u00e7 bekliyor. \u00d6te yandan, havaliman\u0131 i\u015fletmecilerinin giderlerinin b\u00fcy\u00fck \u00f6l\u00e7\u00fcde sabit olmas\u0131 ancak, gelir taraf\u0131n\u0131n yolcu say\u0131s\u0131na ba\u011fl\u0131 ger\u00e7ekle\u015fmesi, burada kapasite art\u0131\u015f\u0131 kaynakl\u0131 eri\u015filebilirli\u011fi de artan hava ula\u015f\u0131m\u0131 ile birlikte hacim bazl\u0131 g\u00fc\u00e7lenme etkisini hissedece\u011fimizi d\u00fc\u015f\u00fcn\u00fcyoruz. Kargo taraf\u0131nda, yolcuya nazaran daha zay\u0131f bir g\u00f6r\u00fcn\u00fcm olsa da, \u015firketin portf\u00f6y\u00fcn\u00fcn konumu ve ucuzlayan hava kargoculu\u011fu f\u0131rsatlar yaratabilir.
Tiflis Kazan\u0131m\u0131 \u00d6nemli Ancak Batum Hen\u00fcz Netle\u015fmedi; <\/em>\u015eirket yak\u0131n zamanda Tiflis s\u00f6zle\u015fmesi 2031 sonuna kadar uzatt\u0131\u011f\u0131n\u0131 a\u00e7\u0131klad\u0131. Tiflis\u2019e k\u0131yasla \u00f6l\u00e7ek olarak daha d\u00fc\u015f\u00fck olmakla birlikte Batum i\u00e7in de \u015firketin \u00e7al\u0131\u015fmalar\u0131 s\u00fcr\u00fcyor. Tiflis s\u00f6zle\u015fmesi, 2026-2027 y\u0131llar\u0131nda 150 milyon dolar yat\u0131r\u0131m taahh\u00fcd\u00fc ve 25 milyon dolar \u00f6n \u00f6deme i\u00e7eriyor. \u015eirketin yolcu ba\u015f\u0131 gelirleri sabit kalmakla birlikte, ge\u00e7mi\u015fteki yer hizmet gelirlerinden al\u0131nan pay yerine yolcu gelirlerinin 0\u2019u devlete \u00f6deniyor olacak. Yeni anla\u015fman\u0131n \u015fartlar a\u00e7\u0131s\u0131ndan yolcu ba\u015f\u0131 gelirlerin artmamas\u0131 ve \u00f6denecek imtiyaz \u00fccreti bak\u0131m\u0131ndan daha y\u00fcksek bir pay\u0131n al\u0131nmas\u0131 nedeniyle pozitif etkiyi s\u0131n\u0131rlad\u0131\u011f\u0131n\u0131 ancak yine de \u00f6nemli bir varl\u0131k olan Tiflis\u2019in kazan\u0131m\u0131n\u0131n \u00f6nemli oldu\u011funu d\u00fc\u015f\u00fcn\u00fcyoruz. Batum kazan\u0131m\u0131 da ger\u00e7ekle\u015firse ki Tiflis\u2019in buna ye\u015fil \u0131\u015f\u0131k yakt\u0131\u011f\u0131n\u0131 d\u00fc\u015f\u00fcn\u00fcyoruz, \u015firket havaliman\u0131 i\u015fletmecili\u011finden kaynaklanan FAV\u00d6K\u2019\u00fcn\u00fcn yakla\u015f\u0131k %\u2019ini sa\u011flayan bir \u00fclkeyi 2031 sonuna kadar portf\u00f6yde tutuyor olacak.
Net Bor\u00e7\/FAV\u00d6K Pandemideki Zirvesinden Sonra Azalmaya Devam Ediyor; <\/em>\u015eirketin bor\u00e7lar\u0131 pandemideki duraklama sonras\u0131 operasyonlar\u0131n ba\u015flamas\u0131yla birlikte azalma trendine girdi. 2021\u2019deki 10,6x \u00e7arpandan 2024 sonunda 3,5x net bor\u00e7\/FAV\u00d6K oran\u0131na gelinirken, beklentimiz bunun giderek iyile\u015fmesi. Bu da \u015firkete kar\u0131n\u0131 da\u011f\u0131tma veya yeni yat\u0131r\u0131mlar yapma anlam\u0131nda imkan sa\u011fl\u0131yor. \u015eirketin, ADP\u2019nin de deneyim ve itibar\u0131 ile sekt\u00f6r \u00fcst\u00fc trafik b\u00fcy\u00fcmesi g\u00f6steren operasyon sahas\u0131nda \u00f6nemli kazan\u0131mlar\u0131 b\u00fcnyesine katmas\u0131 s\u00fcrpriz olmayacakt\u0131r.\u201d<\/p>\n

\"|<\/figure>\n

TAVHL hisse hedef fiyat 2026<\/h2>\n

\u0130\u015fte arac\u0131 kurumlar\u0131n Tav Havalimanlar\u0131 i\u00e7in belirledi\u011fi hedef fiyat ve tavsiyesi;<\/p>\n

\n
<\/div>\n<\/div>\n
\"|<\/figure>\n

\u0130nfo Yat\u0131r\u0131m<\/h3>\n

\u0130nfo Yat\u0131r\u0131m, TAVHL \u2013 TAV Havalimanlar\u0131 i\u00e7in tavsiyesini 487,50 TL hedef fiyat ile \u201cendeks \u00fcst\u00fc getiri\u201d olarak ba\u015flatt\u0131.<\/p>\n

\n\n\n\n\n\n\n\n\n
Arac\u0131 Kurum<\/strong><\/td>\n\u0130nfo Yat\u0131r\u0131m<\/td>\n<\/tr>\n
Hedef fiyat<\/strong><\/td>\n487,50 TL<\/td>\n<\/tr>\n
Son fiyat (\u0130st: TAVHL)<\/strong><\/td>\n329,50 TL<\/td>\n<\/tr>\n
Tavsiye<\/strong><\/td>\nEndeks \u00fcst\u00fc getiri<\/td>\n<\/tr>\n
Prim potansiyeli<\/strong><\/td>\nG,95<\/td>\n<\/tr>\n
A\u00e7\u0131klanma tarihi<\/strong><\/td>\n26 Ocak 2026<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/figure>\n

\u27a2 Raporun tamam\u0131n\u0131 PDF olarak g\u00f6r\u00fcnt\u00fclemek i\u00e7in a\u015fa\u011f\u0131daki dosyay\u0131 indirebilirsiniz.<\/p>\n

<\/object>1769406793341_TAVHLirketRaporu<\/a>\u0130ndir<\/a><\/div>\n

Kaynak:\u00a0<\/strong>\u0130nfo Yat\u0131r\u0131m Ara\u015ft\u0131rma, ForInvest Haber<\/em><\/p>\n

\n
\n

T\u00fcrk Hava Yollar\u0131 (THY) hisseleri i\u00e7in 2026 y\u0131l\u0131 y\u00fckseli\u015f potansiyeli<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n

Bizi WhatsApp Kanal\u0131m\u0131z \u00fczerinden de takip edebilirsiniz. WhatsApp kanal\u0131 linki:\u00a0https:\/\/whatsapp.com\/channel\/0029Vb6J7JQ6GcG8uLrIR81x<\/mark><\/mark><\/a><\/p>\n

Bizi Telegram \u00dczerinden de takip edebilirsiniz. Telegram kanal\u0131 linki:\u00a0https:\/\/t.me\/rotaborsa_halkaarz<\/mark><\/mark><\/a><\/p>\n

Burada yer alan yat\u0131r\u0131m bilgi, yorum ve tavsiyeleri yat\u0131r\u0131m dan\u0131\u015fmanl\u0131\u011f\u0131 kapsam\u0131nda de\u011fildir. Yat\u0131r\u0131m dan\u0131\u015fmanl\u0131\u011f\u0131 hizmeti, arac\u0131 kurumlar, portf\u00f6y y\u00f6netim \u015firketleri, mevduat kabul etmeyen bankalar ile m\u00fc\u015fteri aras\u0131nda imzalanacak yat\u0131r\u0131m dan\u0131\u015fmanl\u0131\u011f\u0131 s\u00f6zle\u015fmesi \u00e7er\u00e7evesinde sunulmaktad\u0131r. Burada yer alan yorum ve tavsiyeler, yorum ve tavsiyede bulunanlar\u0131n ki\u015fisel g\u00f6r\u00fc\u015flerine dayanmaktad\u0131r. Bu g\u00f6r\u00fc\u015fler, mali durumunuz ile risk ve getiri tercihlerinize uygun olmayabilir. Bu nedenle sadece burada yer alan bilgilere dayan\u0131larak yat\u0131r\u0131m karar\u0131 verilmesi beklentilerinize uygun sonu\u00e7lar do\u011furmayabilir.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Tav Havalimanlar\u0131 Holding A.\u015e. (TAVHL) hisseleri i\u00e7in arac\u0131 kurumlar\u0131n\u00a0hedef fiyat\u00a0a\u00e7\u0131klamalar\u0131 devam ediyor. 26 Ocak g\u00fcn\u00fc bir arac\u0131 kurum, TAVHL hisse senedini ara\u015ft\u0131rma kapsam\u0131na alarak hedef fiyat a\u00e7\u0131klamas\u0131 yapt\u0131. Hedef fiyat haberleri \u2013 TAV hisse yorumu Raporda \u015fu ifadeler kullan\u0131ld\u0131; \u201cDe\u011ferlememiz \u015firketin fonksiyonel para birimi olan euro baz\u0131nda yap\u0131lm\u0131\u015f olup, par\u00e7alar\u0131n toplam\u0131 (SOTP) y\u00f6ntemi ile ger\u00e7ekle\u015ftirilmi\u015ftir. […]<\/p>\n","protected":false},"author":1,"featured_media":57609,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-57608","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hisse-hedef-fiyat"],"_links":{"self":[{"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/posts\/57608","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/comments?post=57608"}],"version-history":[{"count":0,"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/posts\/57608\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/media\/57609"}],"wp:attachment":[{"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/media?parent=57608"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/categories?post=57608"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/tags?post=57608"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}