Alaska Air Group, Inc. (ALK)
NYSE: ALK · Real-Time Price · USD
53.50
+0.62 (1.17%)
Nov 15, 2024, 1:18 PM EST - Market open
Alaska Air Group Stock Forecast
Stock Price Forecast
The 12 analysts with 12-month price forecasts for Alaska Air Group stock have an average target of 57.42, with a low estimate of 45 and a high estimate of 80. The average target predicts an increase of 7.33% from the current stock price of 53.50.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for ALK stock from 13 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 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 6 | 5 | 5 | 5 | 6 | 7 |
| Buy | 4 | 4 | 3 | 3 | 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 | 12 | 11 | 10 | 10 | 12 | 13 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Goldman Sachs | Goldman Sachs | Strong Buy Initiates $70 | Strong Buy | Initiates | $70 | +30.84% | Nov 15, 2024 |
| Barclays | Barclays | Buy Maintains $55 → $80 | Buy | Maintains | $55 → $80 | +49.53% | Nov 14, 2024 |
| Melius Research | Melius Research | Hold → Strong Buy Upgrades $56 | Hold → Strong Buy | Upgrades | $56 | +4.67% | Oct 28, 2024 |
| Barclays | Barclays | Buy Initiates $55 | Buy | Initiates | $55 | +2.80% | Oct 21, 2024 |
| Susquehanna | Susquehanna | Hold Maintains $40 → $45 | Hold | Maintains | $40 → $45 | -15.89% | Oct 9, 2024 |
Financial Forecast
Revenue This Year
11.87B
from 10.43B
Increased by 13.81%
Revenue Next Year
14.39B
from 11.87B
Increased by 21.23%
EPS This Year
4.41
from 1.83
Increased by 140.85%
EPS Next Year
5.46
from 4.41
Increased by 23.77%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 14.2B | 15.5B | 16.7B |
| Avg | 11.9B | 14.4B | 15.7B |
| Low | 10.5B | 11.2B | 15.0B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 36.0% | 31.0% | 16.0% |
| Avg | 13.8% | 21.2% | 8.9% |
| Low | 0.6% | -5.9% | 4.2% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 4.83 | 6.56 | 7.40 |
| Avg | 4.41 | 5.46 | 6.88 |
| Low | 4.17 | 3.60 | 6.42 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 163.9% | 48.9% | 35.7% |
| Avg | 140.9% | 23.8% | 26.2% |
| Low | 127.6% | -18.4% | 17.7% |
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.