B of A Securities Reiterates Buy Rating on Delta Air Lines
B of A Securities keeps its Buy rating on Delta Air Lines, setting a $100 price target, a 6.77% upside from the current price.
Key Points
- B of A Securities reiterated its Buy rating on Delta Air Lines, setting a $100 price target on July 1, 2026.
- B of A Securities's $100 price target implies 6.77% upside from Delta Air Lines, Inc.'s ($DAL) current $93.66 share price.
- Delta Air Lines, trading near $93.66 on Wednesday, has a market cap of $61.5 billion and a P/E ratio of 13.67.
- Insiders recently bought shares, and analysts maintain a strong buy consensus with a mean price target of $86.41.
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B of A Securities reaffirmed its confidence in Delta Air Lines, Inc. (NYSE:DAL) by reiterating a Buy rating on July 1, 2026. Analyst Andrew Didora set a price target of $100, indicating optimism about the airline's future performance.
B of A Securities vs. the S&P 500
Hypothetical, simulated performance of disclosed positions vs. the S&P 500. Not realized profit and not investment advice. Past performance does not indicate future results. Details.
Other Institutional Activity in Delta Air Lines
Several major funds have been active in Delta Air Lines. BlackRock, Inc. trimmed its holdings by 600,312 shares, leaving it with 44,124,774 shares valued at approximately $2.93 billion, marking a 1.3% decrease. Vanguard Capital Management LLC opened a new position with 41,944,003 shares worth about $2.79 billion. Berkshire Hathaway Inc also established a new stake, acquiring 39,809,456 shares valued at $2.65 billion. Sanders Capital, LLC reduced its position slightly by 110,659 shares, now holding 29,467,155 shares valued at around $1.96 billion, a 0.4% decrease. Meanwhile, FMR LLC added 93,216 shares, bringing its total to 27,504,033 shares worth about $1.83 billion, reflecting a 0.3% increase.
Delta Air Lines, Inc. Stock Up 17.0%
Shares of NYSE:DAL traded near $93.66 on Wednesday. Delta Air Lines boasts a market capitalization of $61.5 billion and a P/E ratio of 13.67. The stock has seen a 52-week low of $48.24 and a high of $95.14. Its 50-day moving average is $76.71, while the 200-day moving average is $67.56. The company has a beta of 1.313, indicating higher volatility compared to the market.
$DAL price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Delta Air Lines reported revenue of $65.18 billion, reflecting a growth rate of 12.9%. The company achieved a net margin of 6.87% and a return on equity of 24.99%. Earnings per share stood at $6.85. The next earnings release is scheduled for July 10, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
4 target raises vs 1 cuts.
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EPS & revenue
EPS beat estimates by 10.7%. Revenue beat estimates by 12.0%.
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Profit surprise
EBITDA missed by 57 percent. Operating income missed sharply.
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Pre-earnings setup
Bar was high, analysts already very bullish.
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Analyst signal
4 target raises, 1 target cut.
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Earnings quality
Gross margin up 7.2 points. Operating margin down 0.9 points. Positive free cash flow.
Earnings Call Summary
Delta delivered strong March quarter results with 15.9 billion dollars in revenue and 64 cents in earnings per share, beating expectations. Demand remains strong across corporate and leisure travel. However, jet fuel prices nearly doubled from earlier in the year, adding more than two billion dollars in fuel costs for the second quarter. The airline is reducing capacity in unprofitable flying and working to recapture forty to fifty percent of fuel price increases through higher ticket prices and fees.
Guidance Delta expects second quarter revenue to grow in the low teens, flat capacity versus last year. They plan an operating margin of six to eight percent and earnings of one dollar to one dollar fifty per share. Jet fuel prices are expected to average four dollars thirty per gallon, double last year's cost.
Slightly positive report. The quarter was acceptable, but the forward setup is not strong.
Dividend
Delta Air Lines pays an annual dividend rate of $0.78, with a yield of 0.83% and a payout ratio of 10.4%.
Insider Buying and Selling at Delta Air Lines, Inc.
Several insiders bought shares on June 18, 2026. Creed Greg, Chiang Willie CW, Rial Sergio, Huerta Michael, DeWalt David, and Waller Kathy each purchased 2,380 shares. These transactions were not part of a pre-arranged plan.
Analysts Set New Price Targets
On July 1, 2026, B of A Securities maintained its Buy rating on Delta Air Lines with a $100 price target. This aligns with recent analyst actions, including Wells Fargo and Citigroup, both maintaining Buy ratings with targets of $105 and $106, respectively. The consensus among analysts is a strong buy, with a mean price target of $86.41 across 25 opinions.
About Delta Air Lines
Delta Air Lines, Inc., headquartered in Atlanta, Georgia, provides scheduled air transportation for passengers and cargo in the U.S. and internationally. The company operates a fleet of approximately 1,314 aircraft and employs about 103,000 people. Led by CEO Mr. Edward H. Bastian, Delta runs a robust domestic and international network, with hubs in major cities like Atlanta, Detroit, and New York.
Bottom Line
B of A Securities' reiterated Buy rating on Delta Air Lines underscores confidence in its growth potential. Investors watch these ratings closely as they provide insights into analyst perspectives. The stock's recent insider purchases and strong buy consensus further highlight positive sentiment around Delta's future.
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