Alaska Air Group, Inc. (ALK)
NYSE: ALK · IEX Real-Time Price · USD
42.76
+0.75 (1.79%)
Mar 28, 2024, 10:55 AM EDT - Market open

Alaska Air Group Stock Forecast

Stock Price Forecast

The 9 analysts with 12-month price forecasts for Alaska Air Group stock have an average target of 59.36, with a low estimate of 40 and a high estimate of 70. The average target predicts an increase of 38.82% from the current stock price of 42.76.

Analyst Consensus: Strong Buy
Target Low Average Median High
Price $40 $59.36 $62 $70
Change -6.45% +38.82% +45.00% +63.70%

Analyst Ratings

The average analyst rating for ALK stock from 10 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 Oct '23Nov '23Dec '23Jan '24Feb '24Mar '24
Strong Buy 443345
Buy 554333
Hold 112322
Sell 000000
Strong Sell 000000
Total 101099910

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
UBS
UBS
Strong Buy
Initiates
$54
Strong Buy Initiates $54 +26.29% Mar 20, 2024
Deutsche Bank
Deutsche Bank
Strong Buy
Upgrades
$44$51
Strong Buy Upgrades $44$51 +19.27% Feb 20, 2024
Susquehanna
Susquehanna
Hold
Downgrades
$40
Hold Downgrades $40 -6.45% Jan 10, 2024
Raymond James
Raymond James
Hold
Downgrades
n/a
Hold Downgrades n/a n/a Dec 4, 2023
Raymond James
Raymond James
Strong Buy
Maintains
$58$53
Strong Buy Maintains $58$53 +23.95% Oct 20, 2023
More Analyst Ratings

Financial Forecast

Revenue This Year
10.71B
from 10.43B
Increased by 2.75%
Revenue Next Year
11.54B
from 10.71B
Increased by 7.70%
EPS This Year
4.31
from 1.83
Increased by 135.65%
EPS Next Year
6.07
from 4.31
Increased by 40.78%
Year 20192020202120222023202420252026
Revenue
8.78B3.57B6.18B9.65B10.43B10.71B11.54B12.21B
Revenue Growth
6.26%-59.39%73.19%56.19%8.09%2.75%7.70%5.80%
EPS
6.19-10.723.770.451.834.316.077.39
EPS Growth
75.85%---88.06%306.67%135.65%40.78%21.79%
No. Analysts -----14147
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 202420252026
High 11.6B 12.6B 12.9B
Avg 10.7B 11.5B 12.2B
Low 10.1B 10.9B 11.5B

Revenue Growth

Revenue Growth 202420252026
High
11.0%
18.0%
12.1%
Avg
2.8%
7.7%
5.8%
Low
-3.1%
1.3%
-0.2%

EPS Forecast

EPS 202420252026
High 5.57 7.46 8.93
Avg 4.31 6.07 7.39
Low 2.89 5.24 6.13

EPS Growth

EPS Growth 202420252026
High
204.1%
72.9%
47.0%
Avg
135.6%
40.8%
21.8%
Low
58.0%
21.6%
0.9%
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.