UBS Reiterates Buy Rating for Delta Air Lines
UBS maintains a buy rating on Delta Air Lines, setting a $107 price target, a 16.17% upside from the current price.
Key Points
- UBS reiterated its buy rating on Delta Air Lines, Inc. (DAL) with a price target of $107 on June 23, 2026.
- UBS's $107 price target implies 16.17% upside from Delta Air Lines, Inc.'s ($DAL) current $92.11 share price.
- Shares of Delta traded around $85.92 on Tuesday, with a market cap of $56.4 billion and a P/E ratio of 12.5.
- Major institutional holders like BlackRock and Vanguard adjusted their positions in recent filings, indicating ongoing interest in Delta.
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UBS has reiterated its buy rating on Delta Air Lines, Inc. (NYSE: DAL), setting a price target of $107. This update came on June 23, 2026, as analyst Atul Maheswari maintained confidence in the airline's prospects.
UBS 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 15.0%
Shares of Delta Air Lines traded near $85.92 on Tuesday. The company holds a market cap of approximately $56.4 billion, with a P/E ratio of 12.5 and a forward P/E of 10.7, indicating a relatively attractive valuation given its earnings. Delta's stock has been trading between $45.28 and $87.39 over the past 52 weeks, with moving averages of $74.22 and $66.68 for the 50-day and 200-day periods, respectively. The airline has a beta of 1.313, reflecting its volatility relative to the broader market.
$DAL price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Delta reported revenue of $65.2 billion, reflecting a growth of 12.9%. The company achieved an earnings per share (EPS) of $6.85, with a net margin of 6.87% and a return on equity (ROE) of 24.99%. Delta's next earnings report is 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 pays an annual dividend of $0.75 per share, yielding 0.89% with a payout ratio of 10.4%. This modest dividend is part of Delta's strategy to return value to shareholders while maintaining financial flexibility.
Insider Buying and Selling at Delta Air Lines, Inc.
Recent insider transactions include multiple purchases on June 18, 2026, by insiders such as Greg Creed, Willie Chiang, and Sergio Rial, each acquiring 2,380 shares. These transactions were not conducted under a pre-planned 10b5-1 trading plan.
Analysts Set New Price Targets
On June 23, 2026, UBS reiterated its buy rating for Delta with a price target of $107. B of A Securities and Bernstein also maintained buy ratings with targets of $93 on June 22 and June 17, respectively. The consensus among analysts is a strong buy, with an average target price of $82.01 based on 25 opinions.
About Delta Air Lines
Delta Air Lines, Inc. is a major American airline headquartered in Atlanta, Georgia. It provides air transportation for passengers and cargo across the U.S. and internationally. Delta operates through its Airline and Refinery segments, with key domestic hubs in Atlanta, Detroit, and Minneapolis-St. Paul, and international hubs in cities like Amsterdam and Tokyo. Under the leadership of CEO Edward H. Bastian, Delta employs about 103,000 people and manages a fleet of over 1,300 aircraft.
Bottom Line
Delta Air Lines remains a focal point for investors tracking the airline industry. UBS's reaffirmed buy rating and optimistic price target reflect confidence in Delta's market position and growth potential. As always, it's important to remember that these analyst ratings are based on past performance and projections, which may not necessarily predict future results.
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