Barclays has revised its price target for Alaska Air (ALK, Financial), lowering it from $62 to $55. The investment firm maintains an Overweight rating on the airline's shares following their first-quarter financial results. Despite Alaska Air presenting a subdued outlook for the second quarter, Barclays anticipates the company will sustain its position as one of the more profitable domestic airlines by 2025.
The long-term prospects for Alaska Air appear promising, particularly in light of its integration with Hawaiian operations. Barclays believes that this strategic move could lead to significant earnings growth, benefiting shareholders who are willing to hold their positions over the extended term.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 13 analysts, the average target price for Alaska Air Group Inc (ALK, Financial) is $67.18 with a high estimate of $90.00 and a low estimate of $54.00. The average target implies an upside of 61.84% from the current price of $41.51. More detailed estimate data can be found on the Alaska Air Group Inc (ALK) Forecast page.
Based on the consensus recommendation from 17 brokerage firms, Alaska Air Group Inc's (ALK, Financial) average brokerage recommendation is currently 2.0, 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 Alaska Air Group Inc (ALK, Financial) in one year is $70.14, suggesting a upside of 68.97% from the current price of $41.51. 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 Alaska Air Group Inc (ALK) Summary page.
