Bernstein Reiterates Buy Rating for Delta Air Lines
Bernstein maintains its buy rating for Delta Air Lines, setting a price target of $93, a 8.24% upside from the current price.
Key Points
- Bernstein reiterated its buy rating for Delta Air Lines on June 17, 2026, with a price target of $93.
- Bernstein's $93 price target implies 8.24% upside from Delta Air Lines, Inc.'s ($DAL) current $85.92 share price.
- Delta's shares are trading near $83.14, with a market cap of about $54.62 billion and a P/E ratio of 12.14.
- Insiders have been active, with recent transactions including sales by EVP Alain Bellemare on May 27, 2026.
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On June 17, 2026, Bernstein reiterated its buy rating for Delta Air Lines, Inc. (NYSE: DAL) and set a price target of $93. Analyst David Vernon maintained his positive outlook, suggesting confidence in the airline's future performance.
Delta Air Lines, Inc. Stock Up 10.2%
Shares of NYSE:DAL are trading around $83.14. Delta Air Lines has a market cap of approximately $54.62 billion and a P/E ratio of 12.14. The airline's stock has seen a 52-week low of $45.28 and a high of $87.39. Its 50-day moving average is $73.56, while the 200-day moving average stands at $66.47. The company has a beta of 1.313, indicating a moderate level of 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, with a revenue growth rate of 12.9%. The company's net margin is 6.87%, and it boasts a return on equity of 24.99%. The next earnings report is scheduled for July 9, 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 0.9%. The dividend payout ratio is a low 10.4%, indicating a conservative approach to returning capital to shareholders.
Insider Buying and Selling at Delta Air Lines, Inc.
Recent insider transactions at Delta include sales by Alain Bellemare, EVP & President - International, who sold 25,000 shares at an average price of $81.44 on May 27, 2026. Additionally, Allison Ausband, EVP & Chief People Officer, sold 5,000 shares at $80.90 on the same day and made several other transactions in May.
Analysts Set New Price Targets
On June 17, 2026, Bernstein maintained its buy rating and set a $93 price target for Delta Air Lines. UBS also maintained a buy rating with a $98 target on May 26, 2026. The consensus among analysts is a strong buy, with a mean target price of $81.81 based on 25 opinions.
About Delta Air Lines
Delta Air Lines, Inc. is a major airline operating in the United States and internationally. Based in Atlanta, Georgia, the company provides air transportation for passengers and cargo through its extensive network of hubs, including those in Atlanta, Detroit, and New York. Led by CEO Edward H. Bastian, Delta operates a fleet of over 1,300 aircraft and employs approximately 103,000 people.
Bottom Line
Bernstein's reiteration of a buy rating for Delta Air Lines with a $93 target reflects a positive outlook on the company's prospects. Investors track these ratings closely as they provide insight into potential stock performance. However, it's important to remember that analyst ratings are based on past data and may not fully predict future trends.
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