Bank of America has revised its outlook on JetBlue Airways (JBLU), reducing the price target from $4.25 to $3.50 while maintaining an "Underperform" rating on the stock. This adjustment is primarily influenced by the latest domestic market trends highlighted by industry peers Delta (DAL, Financial) and Frontier (ULCC).
BofA also decreased its earnings projections for JetBlue, lowering the second-quarter loss per share estimate to 24 cents from an earlier prediction of 13 cents. Additionally, the 2025 earnings forecast has been adjusted downward to a loss of $1.18 per share from a previous forecast of $1.14.
The revisions reflect the pressures JetBlue faces in the competitive domestic market, which are affecting its financial performance and future outlook according to BofA's 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.
