Citigroup Reiterates Buy Rating for Delta Air Lines
Citigroup analyst John Godyn maintains a buy rating on Delta Air Lines with a $106 price target, a 13.18% upside from the current price.
Key Points
- Citigroup reiterated its buy rating for Delta Air Lines with a price target of $106, as disclosed on June 26, 2026.
- Citigroup's $106 price target implies 13.18% upside from Delta Air Lines, Inc.'s ($DAL) current $93.66 share price.
- Delta shares traded near $92.11 on Friday, with a market cap of approximately $60.5 billion and a P/E ratio of 13.45.
- Insiders including Greg Creed and Willie Chiang bought 2,380 shares each on June 18, 2026.
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Citigroup has reiterated its buy rating for Delta Air Lines, Inc. (NYSE:DAL), setting a price target of $106. This update came from analyst John Godyn on June 26, 2026. Shares of Delta traded near $92.11 on Friday.
Citigroup vs. the S&P 500
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Other Institutional Activity in Delta Air Lines
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. Meanwhile, Vanguard Capital Management LLC opened a new position with 41,944,003 shares valued at approximately $2.79 billion. Berkshire Hathaway Inc also initiated a new stake, acquiring 39,809,456 shares worth $2.65 billion. Sanders Capital, LLC trimmed its holdings slightly by 110,659 shares to 29,467,155 shares, valued at $1.96 billion, a 0.4% decrease. FMR LLC added 93,216 shares, bringing its total to 27,504,033 shares with a value of about $1.83 billion, marking a 0.3% increase.
Delta Air Lines, Inc. Stock Up 17.0%
Shares of NYSE:DAL traded near $92.11 on Friday. Delta Air Lines has a market cap of approximately $60.5 billion, a P/E ratio of 13.45, and a beta of 1.313. The stock's 52-week range is between $48.24 and $95.14. Its 50-day moving average stands at $75.84, while the 200-day moving average is $67.24. The company's current ratio is 0.418, with a quick ratio of 0.28 and a debt-to-equity ratio of 105.02.
$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 about $65.18 billion, with a revenue growth of 12.9%. The company's earnings per share (EPS) stand at $6.85, with a net margin of 6.87% and a return on equity (ROE) of 24.99%. Delta is scheduled 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 pays an annual dividend of $0.78, yielding 0.84%. The payout ratio is 10.4%, reflecting a sustainable dividend policy.
Insider Buying and Selling at Delta Air Lines, Inc.
On June 18, 2026, several insiders, including Greg Creed, Willie Chiang, Sergio Rial, Michael Huerta, David DeWalt, and Kathy Waller, purchased 2,380 shares each. These transactions were not part of any pre-planned trading programs.
Analysts Set New Price Targets
On June 26, 2026, Citigroup maintained its buy rating for Delta Air Lines with a price target of $106. Barclays and Evercore ISI Group also maintained buy ratings on June 25, each setting a target of $105. Jefferies reiterated a buy rating with a $100 target on June 24, while UBS set a target of $107 on June 23. B of A Securities and Bernstein both maintained buy ratings with targets of $93 in recent weeks. Overall, Delta has a strong buy consensus with an average price target of $85.33 among 25 analysts.
About Delta Air Lines
Delta Air Lines, Inc. is a major American airline headquartered in Atlanta, Georgia. The company provides scheduled air transportation for passengers and cargo across the United States and internationally. With a fleet of approximately 1,314 aircraft, Delta operates through key hubs in cities like Atlanta, Detroit, and New York. Under the leadership of CEO Edward H. Bastian, Delta employs about 103,000 people.
Bottom Line
Citigroup's reiteration of a buy rating with a $106 target highlights confidence in Delta Air Lines' potential. Investors track such analyst updates to gauge sentiment and potential stock movements. Remember, these ratings are forward-looking opinions, and actual outcomes can differ.
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