Barclays Reiterates Buy Rating for Delta Air Lines
Barclays continues to recommend buying Delta Air Lines, setting a $105 price target, a 12.70% upside from the current price.
Key Points
- Barclays reiterated its buy rating for Delta Air Lines on June 25, 2026, with a price target of $105.
- Barclays's $105 price target implies 12.70% upside from Delta Air Lines, Inc.'s ($DAL) current $93.17 share price.
- Delta's stock traded around $90.65 on Friday, with a market cap of approximately $56.4 billion and a P/E ratio of 12.54.
- Insiders, including Greg Creed and Willie Chiang, made notable purchases on June 18, 2026.
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Barclays has reiterated its buy rating for Delta Air Lines, Inc. (NYSE:DAL), maintaining a price target of $105. This update came on June 25, 2026, as analyst Brandon Oglenski reaffirmed his positive outlook on the airline giant.
Barclays 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.
Delta Air Lines, Inc. Stock Up 16.4%
Shares of NYSE:DAL traded near $90.65 on Friday. Delta Air Lines has a market cap of approximately $56.4 billion and a P/E ratio of 12.54, with a forward P/E of 10.66. The stock's 52-week range spans from a low of $45.28 to a high of $87.39. Delta's beta is 1.313, indicating its volatility compared to the broader market. The company maintains a 50-day moving average of $74.22 and a 200-day moving average of $66.68.
$DAL price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Delta reported revenue of about $65.18 billion, with a revenue 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. Delta's next earnings report is expected 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 pays an annual dividend of $0.75, yielding 0.89%. The company's dividend payout ratio is a conservative 10.4%.
Insider Buying and Selling at Delta Air Lines, Inc.
Several insiders, including Greg Creed and Willie Chiang, purchased 2,380 shares each on June 18, 2026. Other insiders, such as Sergio Rial, Michael Huerta, David DeWalt, and Kathy Waller, also bought the same number of shares on the same day.
Analysts Set New Price Targets
On June 25, 2026, Barclays maintained its buy rating for Delta Air Lines with a $105 price target. Evercore ISI Group echoed this sentiment on the same day, also setting a $105 target. Jefferies maintained its buy rating with a $100 target on June 24, 2026. UBS and B of A Securities also reiterated buy ratings with targets of $107 and $93, respectively, in the days leading up to the Barclays report.
About Delta Air Lines
Delta Air Lines, Inc. is a major American airline headquartered in Atlanta, Georgia. It operates through two segments: Airline and Refinery. Delta provides scheduled air transportation for passengers and cargo across the United States and internationally. With a fleet of approximately 1,314 aircraft, the company serves a vast network of domestic and international destinations, including key hubs in Atlanta, Detroit, and New York. Delta also offers aircraft maintenance, engineering support, and vacation packages.
Bottom Line
Barclays' reiterated buy rating underscores confidence in Delta Air Lines' performance and future prospects. With a strong market presence and solid financials, Delta remains a key player in the airline industry. Investors should note that analyst ratings can influence stock performance, but they are just one factor to consider when evaluating a company's potential.
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