Alaska Air Group, Inc. (ALK)
NYSE: ALK · Real-Time Price · USD
47.91
+0.64 (1.35%)
Oct 31, 2024, 4:00 PM EDT - Market closed

Alaska Air Group Stock Forecast

Stock Price Forecast

The 11 analysts with 12-month price forecasts for Alaska Air Group stock have an average target of 54, with a low estimate of 45 and a high estimate of 70. The average target predicts an increase of 12.71% from the current stock price of 47.91.

Analyst Consensus: Strong Buy
Target Low Average Median High
Price $45 $54 $55 $70
Change -6.07% +12.71% +14.80% +46.11%

Analyst Ratings

The average analyst rating for ALK stock from 12 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.

Recommendation Trends

Rating May '24Jun '24Jul '24Aug '24Sep '24Oct '24
Strong Buy 665556
Buy 444334
Hold 222222
Sell 000000
Strong Sell 000000
Total 121211101012

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Melius Research
Melius Research
Strong Buy
Upgrades
$56
Strong Buy Upgrades $56 +16.89% Oct 28, 2024
Barclays
Barclays
Buy
Initiates
$55
Buy Initiates $55 +14.80% Oct 21, 2024
Susquehanna
Susquehanna
Hold
Maintains
$40$45
Hold Maintains $40$45 -6.07% Oct 9, 2024
Evercore ISI Group
Evercore ISI Group
Buy
Maintains
$60$55
Buy Maintains $60$55 +14.80% Oct 3, 2024
TD Cowen
TD Cowen
Strong Buy
Maintains
$52$50
Strong Buy Maintains $52$50 +4.36% Oct 3, 2024
More Analyst Ratings

Financial Forecast

Revenue This Year
10.83B
from 10.43B
Increased by 3.87%
Revenue Next Year
11.49B
from 10.83B
Increased by 6.09%
EPS This Year
3.99
from 1.83
Increased by 118.16%
EPS Next Year
5.64
from 3.99
Increased by 41.29%
Fiscal Year FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026
Period Ending Dec 31, 2019 Dec 31, 2020 Dec 31, 2021 Dec 31, 2022 Dec 31, 2023 Dec 31, 2024 Dec 31, 2025 Dec 31, 2026
Revenue
8.78B3.57B6.18B9.65B10.43B10.83B11.49B12.23B
Revenue Growth
6.26%-59.39%73.19%56.19%8.09%3.87%6.09%6.49%
EPS
6.19-10.723.770.451.833.995.646.68
EPS Growth
75.85%---88.06%306.67%118.16%41.29%18.38%
Forward PE
-----12.008.497.17
No. Analysts -----15159
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 202420252026
High 11.4B 12.2B 13.0B
Avg 10.8B 11.5B 12.2B
Low 10.4B 11.0B 11.7B

Revenue Growth

Revenue Growth 202420252026
High
8.9%
12.9%
13.0%
Avg
3.9%
6.1%
6.5%
Low
-0.2%
1.1%
1.5%

EPS Forecast

EPS 202420252026
High 4.55 6.88 8.04
Avg 3.99 5.64 6.68
Low 3.29 4.70 5.54

EPS Growth

EPS Growth 202420252026
High
148.4%
72.3%
42.6%
Avg
118.2%
41.3%
18.4%
Low
79.9%
17.8%
-1.8%
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.