Evercore ISI Group Rates Alaska Air (ALK) buy, $65 Price Target

Evercore ISI maintains its buy rating on Alaska Air Group with a $65 price target, a 24.65% upside from the current price.

By EarningsIQ Research Desk · Published Jun 25, 2026, 10:00 AM EDT · Updated Jun 29, 2026, 11:01 AM EDT

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Evercore ISI Group rated Alaska Air Group, Inc. ($ALK) "buy" with a $65 price target on June 25, 2026.

Since the rating, $ALK is down 4.1% after 1 week, down 10.9% after 1 month and down 34.1% to date (from the $53.29 close on Jun 25, 2026).

ALK Alaska Air Group, Inc.

$35.13 -31.81% year to date

Daily close · Oct 16, 2026

Key Points

Evercore ISI reiterated its buy rating on Alaska Air Group, setting a price target of $65 on June 25, 2026.
Evercore ISI Group's $65 price target implies 24.65% upside from Alaska Air Group, Inc.'s ($ALK) current $52.15 share price.
Alaska Air Group's stock traded at $52.3 on Thursday, with a market cap of about $5.44 billion and a forward P/E of 7.72.
BlackRock increased its holdings in Alaska Air Group by 1.23 million shares, totaling 11.75 million shares worth $432.1 million.

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Evercore ISI Group has reiterated its buy rating on Alaska Air Group, Inc. (NYSE: ALK) with a price target of $65. This announcement was made on June 25, 2026, by analyst Duane Pfennigwerth. Shares of Alaska Air Group were trading at $52.3 on Thursday.

Analyst rating track record

Evercore ISI Group vs. the S&P 500

YTD return +13.45% hypothetical

All-time return +26.45% S&P 500 +26.41%

vs. S&P 500 +0.04% ahead of the index

Hypothetical returns from Evercore ISI Group's disclosed trades, not real profit or advice. How we model this.

What Changed in Evercore ISI's Alaska Air Group Position

Evercore ISI Group maintained its positive outlook on Alaska Air Group, keeping its buy rating and setting a price target of $65. This suggests confidence in the airline's potential for growth and stability.

Other Institutional Activity in Alaska Air Group

Several institutional investors have been active in Alaska Air Group. BlackRock, Inc. increased its stake by 1.23 million shares, bringing its total to approximately 11.75 million shares valued at $432.1 million, marking an 11.6% increase. Dimensional Fund Advisors LP also added 145,484 shares, resulting in 6.35 million shares worth about $233.5 million, a 2.3% increase. Meanwhile, Vanguard Portfolio Management LLC and Vanguard Capital Management LLC both opened new positions, acquiring 5.16 million and 5.05 million shares respectively. American Century Companies Inc. boosted its holdings by 607,182 shares, totaling 4.94 million shares valued at $181.6 million, a 14% increase.

Alaska Air Group, Inc. Stock Up 45.9%

On Thursday, Alaska Air Group's stock was trading around $52.3. The company has a market cap of approximately $5.44 billion and a forward P/E ratio of 7.72. Its beta is 1.307, indicating moderate volatility compared to the market. Over the past year, the stock has ranged between $33.03 and $65.88, with a 50-day moving average of $41.95 and a 200-day moving average of $46.72.

12-month forecast

$ALK price target

Alaska Air Group, Inc. daily closes and this analyst's $65 target. Not advice.

Recent Earnings

Alaska Air Group reported revenue of $14.4 billion with a growth rate of 5.2%. The company achieved a net margin of 0.51% and a return on equity of 1.86%. The next earnings report is expected on July 22, 2026.

Insider Buying and Selling at Alaska Air Group, Inc.

Recent insider trading activity at Alaska Air Group includes several purchases. On June 1, 2026, Michael Sievert acquired 4,258 shares at an average price of $44.52. Earlier, on May 13, 2026, Kathleen Hogan, Helvi Kay Sandvik, Peter Shimer, Eric Yeaman, and Daniel Kevin Elwell each bought 5,186 shares at $38.56.

Analysts Set New Price Targets

On June 25, 2026, Evercore ISI Group maintained its buy rating on Alaska Air Group with a price target of $65. UBS also maintained a buy rating on June 23, 2026, with a target of $62. Citigroup downgraded the stock to sell with a $32 target on May 1, 2026. The consensus among 16 analysts is a strong buy, with an average target price of $57.50.

About Alaska Air Group

Alaska Air Group, Inc., headquartered in Seattle, Washington, operates airlines primarily through its subsidiaries: Alaska Airlines, Hawaiian Airlines, and Regional. The company provides passenger and cargo air transportation services across the United States and to parts of Canada, Mexico, Costa Rica, Belize, Guatemala, and the Bahamas. Founded in 1932, the company is led by CEO Mr. Benito Minicucci and employs approximately 31,465 people.

Bottom Line

Alaska Air Group continues to attract positive attention from analysts like Evercore ISI, which reaffirmed its buy rating with a $65 target. Investors are watching the company's performance closely, particularly with the next earnings report due on July 22, 2026. The stock's recent activity and institutional interest suggest that it remains a key player in the airline industry.