Delta Air Lines

DAL · NYSE

$76.66+$2.03 (+2.72%)TodayMarket closed · Oct 20, 7:59 PM ET

Prev close $74.63

DAL analyst rating

BuyConsensus of 17 analysts over the last 12 months. 100% rate it a buy.

Strong buy0
Buy17
Hold0
Underperform0
Sell0

12-month price target · 27 analysts

Average $103.15 (+34.5% upside)

Low: $52.85
Now: $76.66
High: $131.25

Upgrades and downgrades

The latest rating actions, newest first

DAL analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
UBS	Oct 12, 2026	Maintains	Buy	$105.00 → $102.00	35%
BMO Capital	Oct 12, 2026	Maintains	Outperform	$100.00 → $105.00	15%
Susquehanna	Oct 12, 2026	Maintains	Positive	$100.00 → $95.00	66%
Bernstein	Oct 7, 2026	Maintains	Outperform	$106.00 → $100.00	56%
Susquehanna	Oct 7, 2026	Maintains	Positive	$105.00 → $100.00	66%
Wells Fargo	Oct 6, 2026	Maintains	Overweight	$105.00 → $100.00	57%
TD Cowen	Oct 2, 2026	Maintains	Buy	$105.00 → $101.00	22%
BMO Capital	Sep 28, 2026	Maintains	Outperform	$105.00 → $100.00	15%
UBS	Sep 24, 2026	Maintains	Buy	$99.00 → $105.00	35%
Rothschild & Co	Sep 18, 2026	Maintains	Buy	$104.00 → $105.00	50%

The case for and against

Updated Oct 10, 2024

Bull case

Delta Air Lines is positioned for strong financial performance due to structural cost savings and a reduction in jet fuel expenses, which are expected to enhance profit margins. The recovery of corporate travel and increasing premium revenue growth opportunities place Delta in a favorable position for continued revenue expansion, with projections indicating earnings per share could surpass $7 in 2024 and reach over $10 by 2027. Additionally, Delta benefits from favorable pension funding regulations, allowing for a strategic approach to managing pension expenses, further supporting its robust financial outlook.

Bear case

The analysis highlights significant challenges facing Delta Air Lines that suggest a negative outlook. Competitive pressures within the airline industry are anticipated to impact fare pricing, while a notable slowdown in international and corporate travel poses a risk to revenue generation. Additionally, macroeconomic factors contributing to diminished consumer demand for travel may further exacerbate earnings volatility and affect investor sentiment towards the airline sector as a whole.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.