These Analysts Boost Their Forecasts On Delta Air Following Upbeat Q2 Results

Delta Air Lines Inc (NYSE: DAL ) reported better-than-expected earnings for the second quarter.

The company posted quarterly earnings of $1.56 per share which beat the analyst consensus estimate of $1.47 per share.

The company reported quarterly sales of $19.757 billion which beat the analyst consensus estimate of $17.532 billion.

Delta Air Lines said it sees third-quarter adjusted EPS of $2.00-$2.50, versus market estimates of $1.99.

Ed Bastian, Delta’s chief executive officer said, “Delta is executing from a position of strength, and we expect momentum to carry into the second half with double-digit margins and a return to earnings growth.

For the full year, we are affirming the guidance we set at the start of the year to grow earnings by 20 percent, overcoming a multi-billion dollar fuel headwind.

This reinforces Delta’s durability while positioning us to continue our momentum into 2027.” Delta Air shares fell 1.2% to trade at $86.33 on Monday.

These analysts made changes to their price targets on Delta Air following earnings announcement.

Citigroup analyst John Godyn maintained the stock with a Buy and raised the price target from $106 to $110.

JP Morgan analyst Jamie Baker maintained the stock with an Overweight rating and raised the price target from $85 to $114.

Morgan Stanley analyst Ravi Shanker maintained the stock with an Overweight rating and boosted the price target from $115 to $125.

Considering buying DAL stock? Here’s what analysts think: Photo via Shutterstock