Delta Air Lines Inc: Positive Outlook for Earnings Amid Strong Travel Demand and Lower Fuel Costs

dal stock forecast

Delta Air Lines Inc Stock Forecast:

According to 15 analysts, the average target price for Delta Air Lines Inc over the next 12 months is USD 51.00. The average analyst rating for the stock is Strong Buy. However, Stock Target Advisor‘s own analysis of Delta Air Lines Inc suggests a Neutral outlook, based on 8 positive signals and 7 negative signals. The stock’s closing price at the last session was USD 43.14. Over the past week, the stock price has increased by +0.82%, over the past month by +20.20%, and over the last year by +38.27%.

Recent Analysts Coverage Change:

The following changes were made on June 26th, 2023.

  • Bank of America Merrill Lynch (RANK #20) maintained Delta Airlines (DAL:NYE) with a “Buy” rating and raised the target price to $48 from $40 on the company’s stock.
  • Raymond James (RANK #2) maintained Delta Airlines with a “Strong Buy” rating and raised target price to $57 from $54.

Delta Air Lines Inc. News:

Atlanta-based carrier Delta Air Lines Inc is set to announce an upward revision in its full-year earnings forecast during its investor presentation on Tuesday. The anticipated increase is attributed to strong travel demand and a reduction in fuel costs, as per analysts’ predictions. Moreover, industry experts speculate that Delta might disclose additional details about its plans to expand its loyalty credit card and jet maintenance and repair businesses.

With the persistent resilience of travel demand, particularly for international journeys, and a moderation in fuel prices, analysts have adjusted their profit estimates for Delta. Previously, the company had projected an adjusted profit in the range of $5 to $6 per share for the year 2023. However, the favorable market conditions have prompted analysts to raise their expectations.

Delta’s positive outlook is fueled by the robust recovery in the travel industry, with more people returning to the skies. This increase in passenger volume contributes to higher revenue for the airline. Additionally, a decline in fuel expenses has significantly alleviated the financial burden on Delta, further bolstering its profitability prospects.

FA Score (Fundamental Analysis):

The fundamental analysis of Delta Air Lines Inc. stock is “Neutral” with a FA score of 5.3 out of 10, where 0 is very bearish and 10 is very bullish.

 

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