Seaport Global analyst Daniel Mckenzie maintains $Delta Air Lines (DAL.US)$ with a buy rating, and adjusts the target price from $56 to $77.
According to TipRanks data, the analyst has a success rate of 51.8% and a total average return of 2.3% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Delta Air Lines (DAL.US)$'s main analysts recently are as follows:
Airline stocks have shown remarkable performance following last week's election, with significant gains observed in the sector's market index. This substantial upward trend is deemed logical given the high beta nature of airline equities. Present fundamentals appear promising, particularly with the deceleration of domestic capacity growth. Additionally, the outcome of the recent election is considered to be broadly favorable for the industry's fundamental aspects and earnings potential.
Anticipation is building for Delta Air Lines' first investor day next week, where guidance for FY25 metrics and new long-term targets are expected to be unveiled. Focus will likely be placed on the company's hub/partner strategy, efforts to cultivate the customer lifecycle, margin improvement from fleet renewal, technical operations, cost efficiency initiatives, and capital allocation.
Delta Air Lines has been recognized for its strong execution against its three-year targets established in 2021 despite external challenges. There is an anticipation that the company may project earnings per share exceeding $10 by 2027, which would surpass the current estimate by 25% and the consensus by 15%.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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