Delta Air Lines (DAL) Stock Forecast & Price Target

$51.67

-0.14 (-0.27%)

(As of 02:57 PM ET)

Delta Air Lines - 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

Buy

Based on 13 Analyst Ratings

Sell
0

Hold
0

Buy
13

Based on 13 Wall Street analysts who have issued ratings for Delta Air Lines in the last 12 months, the stock has a consensus rating of "Buy." Out of the 13 analysts, 11 have given a buy rating, and 2 have given a strong buy rating for DAL.

Consensus Price Target

$61.52
19.56% Upside

According to the 13 analysts' twelve-month price targets for Delta Air Lines, the average price target is $61.52. The highest price target for DAL is $85.00, while the lowest price target for DAL is $50.00. The average price target represents a forecasted upside of 19.56% from the current price of $51.67.

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DAL Analyst Ratings Over Time

Type	Current Forecast 9/28/23 to 9/27/24	1 Month Ago 8/29/23 to 8/28/24	3 Months Ago 6/30/23 to 6/29/24	1 Year Ago 9/28/22 to 9/28/23
Strong Buy	2 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	11 Buy rating(s)	11 Buy rating(s)	11 Buy rating(s)	12 Buy rating(s)
Hold	0 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$61.52	$60.70	$60.25	$57.53
Forecasted Upside	19.56% Upside	50.14% Upside	27.01% Upside	55.70% Upside
Consensus Rating	Buy	Buy	Buy	Buy

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DAL 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.

DAL 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.

Delta Air Lines Stock vs. The Competition

Type	Delta Air Lines	Transportation Companies	S&P 500
Consensus Rating Score	3.15	2.57	2.50
Consensus Rating	Buy	Moderate Buy	Hold
Predicted Upside	18.36% Upside	27.74% Upside	5.87% Upside
News Sentiment Rating	Positive News See Recent DAL News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
9/19/2024	BNP Paribas 3 of 5 stars	J. Hollins Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
7/17/2024	TD Cowen 4 of 5 stars		Lower Target	Buy ➝ Buy	$61.00 ➝ $59.00	+28.21%
7/12/2024	Sanford C. Bernstein 3 of 5 stars		Lower Target	Outperform ➝ Outperform	$66.00 ➝ $62.00	+37.69%
6/28/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$58.00 ➝ $56.00	+16.98%
5/29/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$55.00 ➝ $65.00	+32.38%
5/13/2024	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$72.80	+38.40%
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4/11/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Overweight ➝ Overweight	$85.00	+80.74%
4/11/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$50.00 ➝ $60.00	+29.76%
4/11/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$53.00 ➝ $55.00	+18.94%
4/9/2024	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Positive ➝ Positive	$47.00 ➝ $54.00	+14.82%
3/20/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$59.00	+34.89%
10/13/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$71.00 ➝ $68.00	+93.62%
10/5/2023	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Strong-Buy ➝ Strong-Buy	$58.00 ➝ $54.00	+49.75%
10/5/2023	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$58.00 ➝ $50.00	+38.66%
9/14/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$51.00 ➝ $50.00	+27.13%
7/14/2023	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$55.00 ➝ $60.00	+29.23%
7/14/2023	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$51.00 ➝ $54.00	+13.18%
6/28/2023	22nd Century Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains
2/8/2023	Redburn Partners Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Buy	$55.00	+38.92%
1/5/2023	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$39.00	+13.41%
10/14/2022	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Market Perform ➝ Outperform	$54.00	+77.75%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 03:18 PM ET.

Should I Buy Delta Air Lines Stock? DAL Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Tuesday, September 10, 2024. Please send any questions or comments about these Delta Air Lines pros and cons to contact@marketbeat.com.

Delta Air Lines
Bull Case

Here are some ways that investors could benefit from investing in Delta Air Lines, Inc.:

Delta Air Lines, Inc. has been consistently increasing its dividend payouts, with the latest quarterly dividend being $0.15 per share, representing a dividend yield of 1.45%. This can provide investors with a steady income stream.
Analysts have set a target price range for Delta Air Lines, Inc. stock, with a consensus rating of "Buy" and an average target price of $60.70. This indicates positive sentiment and potential for stock price appreciation.
Delta Air Lines, Inc. has a strong return on equity of 36.02%, indicating efficient use of shareholder funds to generate profits.
The company's revenue for the quarter was up 5.4% compared to the same quarter last year, showing growth in its core business operations.
Insiders, including company directors, have been actively purchasing Delta Air Lines, Inc. stock, signaling confidence in the company's future performance.

Delta Air Lines
Bear Case

Investors should be bearish about investing in Delta Air Lines, Inc. for these reasons:

Delta Air Lines, Inc. reported earnings per share of $2.36 for the quarter, slightly missing the consensus estimate of $2.37. This could indicate potential challenges in meeting earnings expectations.
The company's net margin of 7.46% may be considered relatively low compared to industry peers, which could impact profitability and shareholder returns.
Some analysts have revised their price targets for Delta Air Lines, Inc. stock downwards, suggesting a cautious outlook on the company's future performance.
Delta Air Lines, Inc. faces competition in the airline industry, which is subject to various external factors such as fuel prices, economic conditions, and regulatory changes, posing risks to its financial stability.
Investing in airline stocks, including Delta Air Lines, Inc., carries inherent risks related to industry cyclicality, operational challenges, and external shocks like geopolitical events or pandemics.

DAL Forecast - Frequently Asked Questions

: According to the research reports of 13 Wall Street equities research analysts, the average twelve-month stock price forecast for Delta Air Lines is $61.52, with a high forecast of $85.00 and a low forecast of $50.00.
: 13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Delta Air Lines in the last year. There are currently 11 buy ratings and 2 strong buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" DAL shares.
: According to analysts, Delta Air Lines's stock has a predicted upside of 19.07% based on their 12-month stock forecasts.
: Over the previous 90 days, Delta Air Lines's stock had 1 upgrade by analysts.
: Delta Air Lines has been rated by research analysts at BNP Paribas, Sanford C. Bernstein, and TD Cowen in the past 90 days.
: Analysts like Delta Air Lines more than other "transportation" companies. The consensus rating for Delta Air Lines is Buy while the average consensus rating for "transportation" companies is Moderate Buy. Learn more on how DAL compares to other companies.