Wells Fargo Reiterates Buy Rating on Delta Air Lines
Wells Fargo maintains its buy rating for Delta Air Lines, targeting $105, a 12.11% upside from the current price.
Key Points
- Wells Fargo reiterated its buy rating for Delta Air Lines, setting a price target of $105.
- Wells Fargo's $105 price target implies 12.11% upside from Delta Air Lines, Inc.'s ($DAL) current $93.66 share price.
- Shares of NYSE:DAL traded near $93.17 on Tuesday, with a market cap of $60.8 billion and a P/E ratio of 13.5.
- Delta insiders recently bought shares, while analysts from Citigroup and Barclays also maintained buy ratings.
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Wells Fargo reiterated its buy rating on Delta Air Lines, Inc. (NYSE:DAL) on June 30, 2026. Analyst Christian Wetherbee set a price target of $105 for the airline, emphasizing confidence in its future performance.
Wells Fargo vs. the S&P 500
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Delta Air Lines, Inc. Stock Up 17.0%
Shares of NYSE:DAL traded near $93.17 on Tuesday. Delta Air Lines has a market cap of about $60.8 billion and a P/E ratio of 13.5. The stock's 52-week range is between $48.24 and $95.14, with a 50-day moving average of $76.25 and a 200-day moving average of $67.40. The company's current ratio is 0.42, and its debt-to-equity ratio stands at 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 approximately $65.18 billion, with a revenue growth of 12.9%. The company's earnings per share (EPS) was $6.85, and it achieved a net margin of 6.9% and a return on equity (ROE) of 24.99%. The 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 offers an annual dividend rate of $0.78, yielding 0.84%. The dividend payout ratio is 10.4%.
Insider Buying and Selling at Delta Air Lines, Inc.
Several insiders, including Greg Creed, Willie Chiang, and Sergio Rial, each bought 2,380 shares on June 18, 2026. These were not part of a pre-planned 10b5-1 trading plan.
Analysts Set New Price Targets
On June 30, 2026, Wells Fargo maintained its buy rating on Delta Air Lines with a price target of $105. Similarly, Citigroup and Barclays also maintained buy ratings with targets of $106 and $105, respectively. The consensus among analysts is a strong buy, with a mean price target of $86.41 based on 25 opinions.
About Delta Air Lines
Delta Air Lines, Inc., headquartered in Atlanta, Georgia, is a major American airline providing air transportation for passengers and cargo. It operates through its Airline and Refinery segments, with core hubs in cities like Atlanta, Detroit, and New York. Delta also offers aircraft maintenance and vacation packages, employing around 103,000 people under the leadership of CEO Edward H. Bastian.
Bottom Line
Wells Fargo's reiteration of a buy rating and a $105 target for Delta Air Lines reflects ongoing confidence in the airline's growth potential. Investors keep a close eye on such analyst updates for insight into market sentiment. Remember, these ratings and targets are based on past data and may not represent the current market conditions.
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