Wall Street Thinks Alaska Air (ALK) Could Outperform Over The Next Year
Wall Street Thinks Alaska Air (ALK) Could Outperform Over The Next Year.
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Alaska Air Group, Inc. (NYSE: ALK ) is one of the 8 Most Undervalued Growth Stocks to Buy for the Next 10 Years . Alaska Air Group, Inc. (NYSE:ALK) has been enjoying bullish analyst sentiment since the start of July. So far this month, 5 analysts have raised their price targets on the stock. In the latest update, Christopher Stathoulopoulos from Susquehanna raised the firm's price target on ALK from $50 to $70 and reaffirmed a Buy rating. The price target revision was based on the firm's expectations that airlines will benefit from lower fuel prices, strong travel demand, and stable ticket fares heading into the second-quarter earnings season.
In addition to Susquehanna, TD Cowen also raised its price target on Alaska Air Group, Inc. (NYSE:ALK) from $51 to $59 while maintaining its Buy rating on July 2. The firm updated its price targets across the airline sector as part of its second-quarter earnings preview.
TD Cowen said that it remains broadly positive on the airline sector, assuming the industry can maintain this year's ticket price increases. However, the firm said that investors will likely look for confirmation that fare increases after Labour Day remain in place. They also want to see that travel demand stays strong before the airline stocks move higher.
Alaska Air Group, Inc. (NYSE:ALK) is an airline holding company operating through the Hawaiian Airlines, Alaska Airlines, and Regional segments. The company offers scheduled passenger and cargo flights using Boeing aircraft. It also provides air transportation services through Horizon Air and other third-party carriers.
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READ NEXT: 10 Best AI Stocks to Watch in July and 12 Best Dow Stocks to Invest In Right Now .
Sinergia Empresarial continuará el seguimiento de esta información sobre wall Street Thinks Alaska Air (ALK) Could Outperform Over The Next Year y ampliará la cobertura conforme se confirmen nuevos elementos relevantes para el ecosistema empresarial.
