Alaska Air Group, Inc. (ALK)
NYSE: ALK · IEX Real-Time Price · USD
42.02
+0.84 (2.04%)
May 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 57.2, with a low estimate of 42 and a high estimate of 70. The average target predicts an increase of 36.13% from the current stock price of 42.02.
Analyst Consensus: Strong Buy
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 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 4 | 5 | 6 | 6 |
| Buy | 4 | 3 | 3 | 3 | 4 | 4 |
| Hold | 2 | 3 | 2 | 2 | 2 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 9 | 9 | 9 | 10 | 12 | 12 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Wolfe Research | Wolfe Research | Hold → Buy Upgrades $55 | Hold → Buy | Upgrades | $55 | +30.89% | May 17, 2024 |
| Susquehanna | Susquehanna | Hold Maintains $40 → $42 | Hold | Maintains | $40 → $42 | -0.05% | Apr 19, 2024 |
| B of A Securities | B of A Securities | Strong Buy Maintains $50 → $56 | Strong Buy | Maintains | $50 → $56 | +33.27% | Apr 19, 2024 |
| TD Cowen | TD Cowen | Strong Buy Maintains $41 → $49 | Strong Buy | Maintains | $41 → $49 | +16.61% | Apr 5, 2024 |
| Evercore ISI Group | Evercore ISI Group | Buy Maintains $55 → $65 | Buy | Maintains | $55 → $65 | +54.69% | Apr 4, 2024 |
Financial Forecast
Revenue This Year
11.03B
from 10.43B
Increased by 5.79%
Revenue Next Year
11.74B
from 11.03B
Increased by 6.46%
EPS This Year
4.77
from 1.83
Increased by 160.80%
EPS Next Year
6.37
from 4.77
Increased by 33.45%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 11.7B | 12.5B | 13.4B |
| Avg | 11.0B | 11.7B | 12.6B |
| Low | 10.5B | 11.1B | 11.9B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 12.0% | 13.3% | 14.2% |
| Avg | 5.8% | 6.5% | 7.1% |
| Low | 0.8% | 0.2% | 1.2% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 5.65 | 7.71 | 8.45 |
| Avg | 4.77 | 6.37 | 7.35 |
| Low | 4.02 | 5.34 | 6.66 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 208.7% | 61.5% | 32.7% |
| Avg | 160.8% | 33.5% | 15.3% |
| Low | 119.6% | 11.9% | 4.6% |
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.