Evercore analyst Duane Pfennigwerth maintains $Alaska Air (ALK.US)$ with a buy rating, and adjusts the target price from $70 to $75.
According to TipRanks data, the analyst has a success rate of 47.2% and a total average return of 3.4% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Alaska Air (ALK.US)$'s main analysts recently are as follows:
Expectations were set high as the reporting season approached, with projections suggesting airlines could announce robust fourth-quarter results, potentially reaching or surpassing the upper end of their mid-quarter projections. Analysts suggest that airlines which report revenue per available seat mile (RASM) exceeding consensus forecasts could see favorable market reactions this season, as it would enhance confidence in meeting 2025 financial targets. However, there is little tolerance for any failures to meet expectations.
The accelerated post-election demand in the airline and lodging sector was stronger and arrived quicker than initially anticipated. The reduced interval between Thanksgiving and the peak holiday period, along with a surge in late-year corporate travel, likely further fueled these robust outcomes.
Note:
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