Bank of America analyst Andrew Didora has revised the price target for Alaska Air (ALK, Financial), lowering it from $70 to $60, while maintaining a Buy rating on the airline's shares. In a recent earnings call, Alaska Air's management provided a generally positive outlook, emphasizing their focus on managing controllable factors amidst prevailing uncertainties.
Despite expressing confidence in strategic plans and reiterating a long-term earnings per share (EPS) goal of over $10 by 2027, the analyst noted a significant adjustment to the firm's 2025 EPS forecast. The new projection has been cut to $4.02 from a previous estimate of $5.68, reflecting ongoing trends anticipated for the remainder of the year.
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.
