Delta Air Lines Stock Has 17% Upside, According to 1 Wall Street Analyst [Yahoo! Finance]
Delta Air Lines, Inc. (DAL)
Last delta air lines, inc. earnings: 4/22 07:00 am
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US:NYSE Investor Relations:
ir.delta.com
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Source: Yahoo! Finance
Delta followed up on the good Q1 news by predicting ahead-of-consensus earnings for Q2 as well, and 2024 as a whole, sparking a series of upgrades on Wall Street. Notable among these was a note from Susquehanna's Christopher Stathoulopoulos, who raised his price target on Delta stock to $55 -- a prediction several other bank analysts agreed with. If they're right, Delta stock should gain more than 17% over the next 12 months from its current price. Is Delta stock a buy? But are they right? In Stathoulopoulos' note, he argued Delta is optimizing its operations this year, aiming to improve efficiency and profits (which, if successful and sustainable, should lead to a higher stock price). Delta has a good chance of making it happen. In last week's report, Delta noted strong demand from both domestic and international flyers, and a 14% acceleration in demand from business flyers -- an important profit driver. True, total revenue per available seat mile (TRASM), a crucial measure
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DAL
Earnings
- 4/10/24 - Beat
DAL
Sec Filings
- 4/26/24 - Form 8-K
- 4/26/24 - Form DEFA14A
- 4/26/24 - Form DEF
- DAL's page on the SEC website