Delta Air Lines (DAL, Financial) is witnessing a notable increase in bullish options activity, with over 25,416 call options traded, surpassing the anticipated volume by 10%. This activity has driven the implied volatility up more than 7 points to reach 60.00%.
The most active options in this surge are the Jun-25 43 calls and the May-25 38 puts, collectively accounting for almost 13,300 contracts. The Put/Call Ratio stands at a bullish 0.47, signifying more call options are being traded relative to puts.
Investors are positioning themselves ahead of Delta Air Lines' upcoming earnings report, expected on July 10th, as they speculate on the company's performance and its potential impact on stock prices.
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 $56.30 with a high estimate of $88.00 and a low estimate of $36.77. The average target implies an upside of 43.71% from the current price of $39.18. 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 $44.67, suggesting a upside of 14.01% from the current price of $39.18. 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.
