CryptoCurrency
Delta Air Lines (DAL) Stock: Analyst Raises Target as Stock Trades Near 52-Week High
TLDR
- Goldman Sachs raised Delta Air Lines price target to $77 from an unspecified previous target while maintaining a Buy rating ahead of Q4 2025 earnings on January 13.
- The firm kept its Q4 2025 EPS estimate at $1.48, below the FactSet consensus of $1.57, citing fuel costs that ended the quarter in line with forecasts.
- Goldman raised its target EV/EBITDAR multiple to 4.8x from 4.4x, reflecting improved travel demand after macroeconomic and geopolitical uncertainty earlier in 2025.
- Delta currently trades at $71.82, just 1% below its 52-week high of $72.85, with a 42% price return over the past six months.
- Multiple analysts have upgraded Delta recently, with Wells Fargo setting a price target of $87 and BMO Capital targeting $80, creating a consensus Buy rating at $75.07.
Delta Air Lines stock received a price target increase to $77 from Goldman Sachs ahead of the company’s fourth-quarter 2025 earnings report. The airline currently trades at $71.82, approaching its 52-week high of $72.85.
Goldman Sachs maintained its Buy rating on Delta Air Lines stock while raising the price target. The investment bank kept its Q4 2025 earnings per share estimate at $1.48, below the FactSet consensus of $1.57.
The firm already adjusted its revenue outlook in December 2025 to account for the U.S. government shutdown impact. Fuel costs ended the quarter matching Goldman’s forecast.
Delta Air Lines Stock Valuation and Analyst Outlook
Goldman Sachs raised its target EV/EBITDAR multiple to 4.8x from 4.4x for Delta Air Lines stock. The increase reflects improved travel demand after macroeconomic and geopolitical uncertainty dampened air travel in April 2025.
Delta Air Lines stock has gained 42% over the past six months. The stock trades at a P/E ratio of 10.19 and an EV/EBITDA multiple of 7.6x.
Goldman maintained its fiscal 2026 EPS estimate of $6.60 and fiscal 2027 EPS estimate of $7.45 for Delta Air Lines stock. The firm adjusted underlying assumptions, including lower jet fuel prices and higher non-fuel cost inflation expectations.
InvestingPro analysis suggests Delta Air Lines stock is slightly undervalued at current levels. Analysts maintain a strong buy consensus on the stock.
Wall Street Analyst Ratings for Delta Air Lines Stock
Multiple analysts have upgraded Delta Air Lines stock recently. Wells Fargo initiated coverage with an Overweight rating and $87 price target. BMO Capital began coverage with an Outperform rating and $80 price target.
TD Cowen raised its Delta Air Lines stock price target to $77 from $72 following the company’s updated guidance on the government shutdown impact. Delta reported a $200 million drag on fourth-quarter pre-tax income, affecting EPS by $0.25.
The consensus among 24 analysts shows two Strong Buy ratings and 22 Buy ratings for Delta Air Lines stock. The average price target sits at $75.07.
Delta Air Lines stock has a market cap of $46.93 billion and a 52-week range of $34.74 to $72.85. The company posted a net margin of 7.36% and return on equity of 23.83%.
Institutional investors own 69.93% of Delta Air Lines stock. Wellington Management Group raised its holdings by 54.8% to 5.8 million shares worth $330 million. Marshall Wace expanded its position by over 16,000% to 1.3 million shares.
Analysts expect Delta Air Lines to post revenue of $15.8 billion for the fourth quarter. The company reports earnings on January 13, 2026 at 10:00 AM ET.
