B of A Securities Maintains Buy Rating on Delta Air Lines
B of A Securities reiterates its buy rating for Delta Air Lines with a $93 price target, a 2.59% upside from the current price.
Key Points
- B of A Securities reiterated its buy rating on Delta Air Lines, maintaining a price target of $93 as of June 22, 2026.
- B of A Securities's $93 price target implies 2.59% upside from Delta Air Lines, Inc.'s ($DAL) current $90.65 share price.
- Delta shares traded at $84.18 on Monday, with a market cap of $55.3 billion and a P/E ratio of 12.3.
- Insider sales were reported by top executives, and analysts generally recommend a strong buy for Delta.
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B of A Securities has reiterated its buy rating for Delta Air Lines, Inc. (NYSE: DAL) as of June 22, 2026. Analyst Andrew Didora set a price target of $93, indicating continued confidence in the airline's performance. Shares of Delta traded at $84.18 on Monday.
B of A Securities vs. the S&P 500
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Other Institutional Activity in Delta Air Lines
Several institutional investors made notable moves in Delta Air Lines recently. BlackRock, Inc. reduced its holdings by 600,312 shares, leaving it with 44,124,774 shares valued at about $2.93 billion, a 1.3% decrease. Vanguard Capital Management LLC opened a new position, acquiring 41,944,003 shares worth approximately $2.79 billion. Similarly, Berkshire Hathaway Inc also initiated a position with 39,809,456 shares valued at $2.65 billion. Sanders Capital, LLC trimmed its stake by 110,659 shares to hold 29,467,155 shares, worth around $1.96 billion, marking a 0.4% decrease. FMR LLC added 93,216 shares, bringing its total to 27,504,033 shares valued at about $1.83 billion, a slight increase of 0.3%.
Delta Air Lines, Inc. Stock Up 13.2%
On Monday, Delta Air Lines' stock traded near $84.18. The company has a market capitalization of approximately $55.3 billion and a P/E ratio of 12.3, with a forward P/E of 10.4. Delta's stock has a 52-week low of $45.28 and a high of $87.39. The 50-day moving average is $74.22, while the 200-day moving average is $66.68. Delta's beta is 1.313, indicating its stock is somewhat more volatile than the market average.
$DAL price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Delta Air Lines reported a revenue of $65.18 billion, with a growth rate of 12.9%. The company's earnings per share (EPS) stood at $6.85. Delta's net margin was 6.87%, and its return on equity (ROE) was 24.99%. The airline is expected to announce its next earnings on 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 offers an annual dividend rate of $0.75, yielding 0.89%. The dividend payout ratio stands at 10.4%, indicating a conservative approach to returning capital to shareholders.
Insider Buying and Selling at Delta Air Lines, Inc.
Recent insider activity at Delta Air Lines included sales by Alain Bellemare, EVP & President - International, who sold 25,000 shares on May 27, 2026, at an average price of $81.44. Allison Ausband, EVP & Chief People Officer, sold a total of 24,420 shares across several transactions in late May, with prices ranging from $51.23 to $80.90.
Analysts Set New Price Targets
In addition to B of A Securities' reiterated buy rating on June 22, 2026, Bernstein also maintained a buy rating with a $93 target on June 17, 2026. UBS has consistently maintained a buy rating, setting targets of $98 on May 26 and $95 on May 7. The consensus among analysts remains strong buy, with a target mean price of $82.01 based on 25 analyst opinions.
About Delta Air Lines
Delta Air Lines, Inc. is a major American airline providing scheduled air transportation for passengers and cargo domestically and internationally. Headquartered in Atlanta, Georgia, Delta operates through its Airline and Refinery segments. It has core hubs in cities like Atlanta, Detroit, and Los Angeles, and a significant international presence. The company, led by CEO Edward H. Bastian, employs approximately 103,000 people and manages a fleet of about 1,314 aircraft.
Bottom Line
B of A Securities' reiteration of its buy rating on Delta Air Lines with a $93 target highlights ongoing confidence in the airline's prospects. Investors should note that 13F filings and analyst ratings are backward-looking and may not reflect the current market conditions. Delta's robust market position and strong analyst consensus make it a stock to watch.
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