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Alaska Air Group (ALK) Stock Forecast & Price Target

Alaska Air Group logo
$53.12 +0.04 (+0.08%)
(As of 11/20/2024 ET)
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Alaska Air Group - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy
Based on 14 Analyst Ratings
Sell
0
Hold
2
Buy
12

Based on 14 Wall Street analysts who have issued ratings for Alaska Air Group in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 14 analysts, 2 have given a hold rating, and 12 have given a buy rating for ALK.

Consensus Price Target

$57.31
7.88% Upside
According to the 14 analysts' twelve-month price targets for Alaska Air Group, the average price target is $57.31. The highest price target for ALK is $80.00, while the lowest price target for ALK is $45.00. The average price target represents a forecasted upside of 7.88% from the current price of $53.12.
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ALK Analyst Ratings Over Time

TypeCurrent Forecast
11/22/23 to 11/21/24		1 Month Ago
10/23/23 to 10/22/24		3 Months Ago
8/24/23 to 8/23/24		1 Year Ago
11/22/22 to 11/22/23
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
1 Strong Buy rating(s)
Buy
12 Buy rating(s)
9 Buy rating(s)
7 Buy rating(s)
6 Buy rating(s)
Hold
2 Hold rating(s)
3 Hold rating(s)
3 Hold rating(s)
1 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$57.31$53.80$54.60$58.91
Forecasted Upside7.88% Upside16.98% Upside52.81% Upside59.46% Upside
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Buy

ALK Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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ALK Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Alaska Air Group Stock vs. The Competition

TypeAlaska Air GroupTransportation CompaniesS&P 500
Consensus Rating Score
2.86
2.58
2.50
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside7.88% Upside34.00% Upside9.83% Upside
News Sentiment Rating
Positive News

See Recent ALK News
Positive News
Positive News
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DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
11/15/2024The Goldman Sachs Group
2 of 5 stars		C. O'brien
Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated RatingBuy$70.00+32.38%
11/14/2024Barclays
3 of 5 stars		B. Oglenski
Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost TargetOverweight ➝ Overweight$55.00 ➝ $80.00+50.43%
10/28/2024Melius Research
0 of 5 stars		C. Cunningham
Subscribe to MarketBeat All Access for the recommendation accuracy rating		UpgradeHold ➝ Buy$56.00+18.64%
10/9/2024Susquehanna
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetNeutral ➝ Neutral$40.00 ➝ $45.00+3.38%
10/3/2024TD Cowen
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetBuy ➝ Buy$52.00 ➝ $50.00+13.17%
10/3/2024Evercore ISI
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetOutperform ➝ Outperform$60.00 ➝ $55.00+24.49%
9/13/2024Bank of America
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetBuy ➝ Buy$50.00 ➝ $55.00+31.30%
8/29/2024Citigroup
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetBuy ➝ Buy$51.00 ➝ $48.00+33.41%
7/22/2024Morgan Stanley
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetOverweight ➝ Overweight$75.00 ➝ $70.00+84.55%
5/17/2024Wolfe Research
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradePeer Perform ➝ Outperform$55.00+27.08%
3/20/2024UBS Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Initiated CoverageBuy$54.00+42.78%
2/20/2024Deutsche Bank Aktiengesellschaft
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradeHold ➝ Buy$44.00 ➝ $51.00+35.93%
12/4/2023Raymond James
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 DowngradeStrong-Buy ➝ Market Perform
5/8/2023JPMorgan Chase & Co.
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower Target$91.00 ➝ $70.00+62.19%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 08:58 AM ET.


ALK Forecast - Frequently Asked Questions

According to the research reports of 14 Wall Street equities research analysts, the average twelve-month stock price forecast for Alaska Air Group is $57.31, with a high forecast of $80.00 and a low forecast of $45.00.

14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Alaska Air Group in the last year. There are currently 2 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" ALK shares.

According to analysts, Alaska Air Group's stock has a predicted upside of 7.88% based on their 12-month stock forecasts.

Over the previous 90 days, Alaska Air Group's stock had 2 upgrades by analysts.

Alaska Air Group has been rated by research analysts at Bank of America, Barclays, Citigroup, Evercore ISI, Melius, Melius Research, Susquehanna, TD Cowen, and The Goldman Sachs Group in the past 90 days.

Analysts like Alaska Air Group more than other "transportation" companies. The consensus rating score for Alaska Air Group is 2.86 while the average consensus rating score for "transportation" companies is 2.58. Learn more on how ALK compares to other companies.

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This page (NYSE:ALK) was last updated on 11/21/2024 by MarketBeat.com Staff
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