TD Cowen analyst Tom Fitzgerald has increased the price target for United Airlines (UAL, Financial) to $88, up from the previous target of $73. This decision is accompanied by a continued Buy rating on the airline's shares.
The adjustment in price target comes after the firm revised its estimates to account for United Airlines' first-quarter financial results and their most recent guidance. TD Cowen models indicate expectations at the higher end of the company's second-quarter projections and the annual recession scenario.
Despite macroeconomic challenges anticipated across the aviation sector, United Airlines is viewed by the firm as being strategically well-positioned in comparison to its main competitors. This positive outlook underlines the airline's resilience and potential for growth amidst industry-wide difficulties.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 18 analysts, the average target price for United Airlines Holdings Inc (UAL, Financial) is $96.66 with a high estimate of $135.00 and a low estimate of $67.00. The average target implies an upside of 48.02% from the current price of $65.30. More detailed estimate data can be found on the United Airlines Holdings Inc (UAL) Forecast page.
Based on the consensus recommendation from 23 brokerage firms, United Airlines Holdings Inc's (UAL, Financial) average brokerage recommendation is currently 1.8, 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 United Airlines Holdings Inc (UAL, Financial) in one year is $60.65, suggesting a downside of 7.12% from the current price of $65.3. 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 United Airlines Holdings Inc (UAL) Summary page.
