Alaska Air Group, Inc. (ALK)
NYSE: ALK · IEX Real-Time Price · USD
37.93
+0.68 (1.83%)
At close: Jul 19, 2024, 4:00 PM
37.84
-0.09 (-0.24%)
Pre-market: Jul 22, 2024, 4:57 AM EDT
Alaska Air Group Stock Forecast
Stock Price Forecast
The 10 analysts with 12-month price forecasts for Alaska Air Group stock have an average target of 56.4, with a low estimate of 41 and a high estimate of 70. The average target predicts an increase of 48.69% from the current stock price of 37.93.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for ALK stock from 11 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 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 4 | 5 | 6 | 6 | 6 | 5 |
| Buy | 3 | 3 | 4 | 4 | 4 | 4 |
| Hold | 2 | 2 | 2 | 2 | 2 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 9 | 10 | 12 | 12 | 12 | 11 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Susquehanna | Susquehanna | Hold Maintains $42 → $41 | Hold | Maintains | $42 → $41 | +8.09% | Jul 16, 2024 |
| Wolfe Research | Wolfe Research | Hold → Buy Upgrades $55 | Hold → Buy | Upgrades | $55 | +45.00% | May 17, 2024 |
| Susquehanna | Susquehanna | Hold Maintains $40 → $42 | Hold | Maintains | $40 → $42 | +10.73% | Apr 19, 2024 |
| B of A Securities | B of A Securities | Strong Buy Maintains $50 → $56 | Strong Buy | Maintains | $50 → $56 | +47.64% | Apr 19, 2024 |
| TD Cowen | TD Cowen | Strong Buy Maintains $41 → $49 | Strong Buy | Maintains | $41 → $49 | +29.19% | Apr 5, 2024 |
Financial Forecast
Revenue This Year
11.04B
from 10.43B
Increased by 5.93%
Revenue Next Year
11.75B
from 11.04B
Increased by 6.43%
EPS This Year
4.79
from 1.83
Increased by 161.66%
EPS Next Year
6.37
from 4.79
Increased by 33.02%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 11.7B | 12.5B | 13.4B |
| Avg | 11.0B | 11.8B | 12.6B |
| Low | 10.5B | 11.1B | 12.0B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 12.0% | 13.1% | 14.1% |
| Avg | 5.9% | 6.4% | 7.2% |
| Low | 1.2% | 0.1% | 2.3% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 5.65 | 7.71 | 8.45 |
| Avg | 4.79 | 6.37 | 7.35 |
| Low | 4.01 | 5.34 | 6.66 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 208.7% | 61.0% | 32.7% |
| Avg | 161.7% | 33.0% | 15.3% |
| Low | 119.0% | 11.5% | 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.