Bank of America analyst Andrew Didora revised his outlook for Southwest Airlines (LUV), reducing the price target from $31 to $26 while maintaining an Underperform rating on the stock. This adjustment reflects recent insights into domestic market trends reported by Delta (DAL, Financial) and Frontier (ULCC).
The analyst maintained the company's expected loss per share at $(0.18) for Q1. However, estimates for Q2 through Q4 have been lowered. In particular, the projection for Q2 total revenue growth was adjusted to a decline of 0.5%, down from a previously anticipated increase of 3.8%. Furthermore, unit revenues are now expected to fall by 2%, as per the latest analysis.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 19 analysts, the average target price for Delta Air Lines Inc (DAL, Financial) is $57.38 with a high estimate of $88.00 and a low estimate of $42.00. The average target implies an upside of 40.35% from the current price of $40.88. More detailed estimate data can be found on the Delta Air Lines Inc (DAL) Forecast page.
Based on the consensus recommendation from 23 brokerage firms, Delta Air Lines Inc's (DAL, Financial) average brokerage recommendation is currently 1.9, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Delta Air Lines Inc (DAL, Financial) in one year is $44.90, suggesting a upside of 9.83% from the current price of $40.88. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Delta Air Lines Inc (DAL) Summary page.
