Analyst Ratings Coverage
On Friday, June 23rd, Barclays Capital (Analyst Rank#5) issued a research report on Apple, altering their coverage on the company’s stock. The analyst raised their 12 month price target on the stock to $225 from $210, and reiterated the investment house’s “Strong Buy” analyst rating.
DAL Stock Forecast & Analysis
Delta Air Lines Inc. (DAL) is a major American airline known for its global network of flights, providing passenger and cargo services. Analyzing the information provided on Delta’s stock, we can gain insights into its current outlook and potential future performance.
According to the average analyst target price of USD 50.81 over the next 12 months, there is an optimistic sentiment among analysts regarding Delta’s stock. This suggests that the stock price is expected to appreciate from its current level. Furthermore, the average analyst rating of “Strong Buy” reinforces the positive sentiment and indicates a favorable view of the company’s future prospects.
Stock Target Advisor’s own analysis of Delta’s stock is labeled as “Neutral”. This analysis is based on 8 positive signals and 8 negative signals, suggesting a more balanced view of the stock’s potential. It implies that there are both positive and negative factors that could influence Delta’s stock performance.
Examining the recent performance of Delta’s stock, it closed at USD 42.94. Although there was a slight increase of +0.14% over the past week, the stock has experienced more substantial gains over longer time periods. Over the past month, the stock has risen by +21.09%, and over the last year, it has surged by +43.13%, indicating a notable upward trend.
These positive indicators can be attributed to various factors. As the global economy continues recover and adjust from macro pressures, there has been an increasing demand for air travel, leading to improved financial performance for airlines like Delta. Additionally, cost-cutting measures, capacity management, and favorable fuel prices have positively impacted Delta’s profitability.
