Alaska Air Group, Inc. (ALK)
NYSE: ALK · IEX Real-Time Price · USD
41.18
-0.16 (-0.39%)
Jun 21, 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 38.90% from the current stock price of 41.18.

Analyst Consensus: Strong Buy
Target Low Average Median High
Price $42 $57.2 $56 $70
Change +1.99% +38.90% +35.99% +69.99%
* Price targets were last updated on May 17, 2024.

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 Jan '24Feb '24Mar '24Apr '24May '24Jun '24
Strong Buy 345666
Buy 333444
Hold 322222
Sell 000000
Strong Sell 000000
Total 9910121212

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Wolfe Research
Wolfe Research
Buy
Upgrades
$55
Buy Upgrades $55 +33.56% May 17, 2024
Susquehanna
Susquehanna
Hold
Maintains
$40$42
Hold Maintains $40$42 +1.99% Apr 19, 2024
B of A Securities
B of A Securities
Strong Buy
Maintains
$50$56
Strong Buy Maintains $50$56 +35.99% Apr 19, 2024
TD Cowen
TD Cowen
Strong Buy
Maintains
$41$49
Strong Buy Maintains $41$49 +18.99% Apr 5, 2024
Evercore ISI Group
Evercore ISI Group
Buy
Maintains
$55$65
Buy Maintains $55$65 +57.84% Apr 4, 2024
More Analyst Ratings

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%
Year 20192020202120222023202420252026
Revenue
8.78B3.57B6.18B9.65B10.43B11.04B11.75B12.60B
Revenue Growth
6.26%-59.39%73.19%56.19%8.09%5.93%6.43%7.17%
EPS
6.19-10.723.770.451.834.796.377.35
EPS Growth
75.85%---88.06%306.67%161.66%33.02%15.33%
Forward PE
-----8.606.475.61
No. Analysts -----14148
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 202420252026
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 202420252026
High
12.0%
13.1%
14.1%
Avg
5.9%
6.4%
7.2%
Low
1.2%
0.1%
2.3%

EPS Forecast

EPS 202420252026
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 202420252026
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.