Goldman Sachs analyst Catherine O'Brien maintains $Alaska Air (ALK.US)$ with a buy rating, and adjusts the target price from $49 to $70.
According to TipRanks data, the analyst has a success rate of 45.6% and a total average return of -6.0% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Alaska Air (ALK.US)$'s main analysts recently are as follows:
The projection for Alaska Air's 2025 outcomes anticipates the implications of its integration with Hawaiian. Despite this, the expectation is for the company to generate an operating margin that ranks in the upper echelon of comparable companies, with potential for further enhancement as the integration advances over time. The company's strong position in the West Coast corporate sector's recovery and the amelioration of interisland profitability is favorably regarded.
Airline fundamentals are anticipated to turn sharply positive by 2025, which is expected to lead to a much more favorable market perception for the sector. This change could result in substantial appreciation in share prices for industry leaders. The combination of improving fundamentals and shifting investor sentiment is predicted to potentially catalyze a powerful rally in airline equities as the next year approaches. It is suggested that the successful companies will continue their trajectory of success, with airlines presenting significant upside potential. This is due to expectations of moderated capacity growth, a reorganization of low-cost carrier competition, and a deepening of competitive advantages for the leading companies in the industry.
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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