#1 - Delta Air Lines (NYSE:DAL)
Airline stocks have been a poor investment since 2020. But Delta Air Lines Inc. (NYSE: DAL) is a notable exception.
Over the last three years, DAL has delivered a total return of over 20%. That’s significantly higher than the industry average, which is -4.5%. And in 2024, DAL stock is up an impressive 27.5%. That’s less than the S&P 500, but it’s still strong growth that comes with a dividend that was reinstated in 2023. The catalysts that are likely to move Delta higher include continued demand for international travel along with strong growth in business travel.
Delta reported its third quarter 2024 earnings in October and posted a slight miss in earnings that the company attributed to the more than 7,000 flight cancellations caused by the CrowdStrike Holdings Inc. (NASDAQ: CRWD) outage. Analysts seem to agree. At least six analysts have increased their price target for DAL stock in the 30 days ending October 11, 2024. JPMorgan Chase is the most bullish with a price target of $80.
About Delta Air Lines
Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo in the United States and internationally. The company operates through two segments, Airline and Refinery. Its domestic network centered on core hubs in Atlanta, Minneapolis-St. Paul, Detroit, and Salt Lake City, as well as coastal hub positions in Boston, Los Angeles, New York-LaGuardia, New York-JFK, and Seattle; and international network centered on hubs and market presence in Amsterdam, Bogota, Lima, Mexico City, London-Heathrow, Paris-Charles de Gaulle, Sao Paulo, Seoul-Incheon, and Tokyo.
Read More - Current Price
- $55.76
- Consensus Rating
- Buy
- Ratings Breakdown
- 13 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $65.40 (17.3% Upside)
