Evercore ISI Reiterates Buy Rating on Delta Air Lines
Evercore ISI maintains a buy rating on Delta Air Lines with a $105 price target, a 13.43% upside from the current price.
Key Points
- Evercore ISI Group reiterated its buy rating on Delta Air Lines, setting a price target of $105 on June 25, 2026.
- Evercore ISI Group's $105 price target implies 13.43% upside from Delta Air Lines, Inc.'s ($DAL) current $92.57 share price.
- Shares of NYSE:DAL traded near $90.65 on Thursday, with a market cap of approximately $56.4 billion and a P/E ratio of 12.5.
- Major institutional investors like BlackRock and Vanguard have shown significant interest, with new positions and adjustments in their holdings.
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Evercore ISI Group has reiterated its buy rating on Delta Air Lines, Inc. (NYSE:DAL), maintaining a price target of $105. This decision, announced on June 25, 2026, highlights ongoing confidence in Delta's market performance.
Evercore ISI Group 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 15.6%
Shares of NYSE:DAL traded near $90.65 on Thursday. Delta Air Lines boasts a market cap of around $56.4 billion and a P/E ratio of 12.5. The stock has seen a 52-week low of $45.28 and a high of $87.39. Its 50-day moving average stands at $74.22, while the 200-day moving average is $66.68. Delta's beta is 1.313, indicating higher 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 reported revenue of approximately $65.18 billion, showing a growth rate of 12.9%. The company achieved an EPS of $6.85, with a net margin of 6.9% and a return on equity of 24.99%. Investors are keenly awaiting the next earnings announcement scheduled for 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 offers an annual dividend rate of $0.75, yielding 0.89%. The company's dividend payout ratio is a modest 10.4%, suggesting a sustainable dividend policy.
Insider Buying and Selling at Delta Air Lines, Inc.
Several insiders, including Greg Creed and Willie Chiang, each acquired 2,380 shares of Delta stock on June 18, 2026. These purchases were not part of a pre-planned trading program, indicating potential confidence in the company's future.
Analysts Set New Price Targets
On June 25, 2026, Evercore ISI Group maintained its buy rating on Delta Air Lines with a $105 price target. Other analysts are also bullish, with Jefferies and UBS maintaining buy ratings with targets of $100 and $107, respectively. The consensus among 25 analysts is a strong buy, with a mean target price of $82.01.
About Delta Air Lines
Delta Air Lines, Inc., headquartered in Atlanta, Georgia, is a major player in the airline industry, offering passenger and cargo services both domestically and internationally. The company operates through its Airline and Refinery segments, with core hubs in key U.S. cities and international hubs in Europe, Asia, and South America. Led by CEO Edward H. Bastian, Delta employs about 103,000 people and manages a fleet of approximately 1,314 aircraft.
Bottom Line
Evercore ISI's reiterated buy rating and $105 target underscore strong institutional and analyst confidence in Delta Air Lines' growth prospects. With robust revenue growth and a solid market position, Delta remains a key player in the airline industry. As always, 13F filings and analyst reports reflect past positions and opinions, which may not indicate current or future performance.
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