Delta Air Lines (NYSE:DAL) Price Target Cut to $78.00 by Analysts at Bank of America

Delta Air Lines (NYSE:DAL) had its target price dropped by equities researchers at Bank of America from $80.00 to $78.00 in a note issued to investors on Wednesday,MarketScreener reports. The brokerage currently has a “buy” rating on the transportation company’s stock. Bank of America‘s price objective would suggest a potential upside of 14.76% from the stock’s previous close.

A number of other equities analysts also recently commented on DAL. Susquehanna lifted their target price on Delta Air Lines from $70.00 to $85.00 and gave the company a “positive” rating in a research note on Friday, January 9th. Wells Fargo & Company dropped their price target on Delta Air Lines from $87.00 to $75.00 and set an “overweight” rating on the stock in a research report on Monday, March 16th. BMO Capital Markets reissued an “outperform” rating on shares of Delta Air Lines in a report on Wednesday, January 14th. Citigroup lowered their price objective on Delta Air Lines from $87.00 to $77.00 and set a “buy” rating for the company in a research note on Friday, March 20th. Finally, Jefferies Financial Group dropped their target price on Delta Air Lines from $84.00 to $72.00 and set a “buy” rating on the stock in a research report on Thursday, March 12th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Delta Air Lines currently has a consensus rating of “Moderate Buy” and a consensus target price of $78.80.

Delta Air Lines Stock Up 2.2%

Shares of Delta Air Lines stock traded up $1.49 during trading on Wednesday, reaching $67.97. The company had a trading volume of 3,470,333 shares, compared to its average volume of 11,018,768. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.34 and a current ratio of 0.40. Delta Air Lines has a fifty-two week low of $34.74 and a fifty-two week high of $76.39. The firm’s fifty day moving average is $66.59 and its 200-day moving average is $64.42. The company has a market cap of $44.39 billion, a price-to-earnings ratio of 8.86, a price-to-earnings-growth ratio of 0.64 and a beta of 1.34.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings data on Tuesday, January 13th. The transportation company reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.53 by $0.02. Delta Air Lines had a net margin of 7.90% and a return on equity of 20.96%. The firm had revenue of $14.61 billion during the quarter, compared to the consensus estimate of $15.80 billion. During the same quarter in the previous year, the company posted $1.85 earnings per share. The firm’s revenue was up 2.9% on a year-over-year basis. Delta Air Lines has set its Q1 2026 guidance at 0.500-0.900 EPS and its FY 2026 guidance at 6.500-7.500 EPS. On average, analysts anticipate that Delta Air Lines will post 7.63 EPS for the current year.

Insider Transactions at Delta Air Lines

In other news, CEO Edward H. Bastian sold 100,000 shares of the firm’s stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $70.26, for a total transaction of $7,026,000.00. Following the transaction, the chief executive officer directly owned 1,363,448 shares of the company’s stock, valued at approximately $95,795,856.48. This trade represents a 6.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Rahul D. Samant sold 62,528 shares of the firm’s stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $70.18, for a total transaction of $4,388,215.04. Following the transaction, the executive vice president directly owned 20,939 shares in the company, valued at approximately $1,469,499.02. The trade was a 74.91% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 620,550 shares of company stock worth $44,127,667 over the last quarter. Insiders own 0.96% of the company’s stock.

Hedge Funds Weigh In On Delta Air Lines

A number of hedge funds have recently modified their holdings of DAL. Capital International Investors raised its position in Delta Air Lines by 4.4% during the fourth quarter. Capital International Investors now owns 24,211,101 shares of the transportation company’s stock valued at $1,680,249,000 after buying an additional 1,012,265 shares during the period. State Street Corp grew its stake in Delta Air Lines by 0.7% during the 4th quarter. State Street Corp now owns 23,163,644 shares of the transportation company’s stock valued at $1,607,557,000 after acquiring an additional 165,729 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Delta Air Lines by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 17,413,841 shares of the transportation company’s stock valued at $1,215,766,000 after purchasing an additional 202,865 shares during the period. Wellington Management Group LLP increased its holdings in shares of Delta Air Lines by 137.4% in the 4th quarter. Wellington Management Group LLP now owns 13,811,787 shares of the transportation company’s stock valued at $958,538,000 after purchasing an additional 7,994,004 shares during the period. Finally, Morgan Stanley lifted its position in shares of Delta Air Lines by 0.5% in the fourth quarter. Morgan Stanley now owns 12,310,804 shares of the transportation company’s stock worth $854,370,000 after purchasing an additional 56,455 shares in the last quarter. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Delta Air Lines News Roundup

Here are the key news stories impacting Delta Air Lines this week:

• Positive Sentiment: Delta signed a large agreement to install Amazon’s Leo satellite broadband on hundreds of aircraft (initial install of ~500 planes beginning in 2028), giving Delta a new supplier for faster in‑flight connectivity and a competitive passenger experience that can drive revenue per passenger and retention. Delta Air Lines taps Amazon Leo for in-flight Wi-Fi — CNBC
• Positive Sentiment: The deal signals Delta picked Amazon’s service over SpaceX’s Starlink for this program, a strategic vendor choice that could offer better commercial terms or differentiated capability for Delta and reduce reliance on a single provider. Delta picks Bezos over Musk for satellite Wi-Fi — MSN
• Positive Sentiment: Delta’s SkyMiles loyalty program was ranked the world’s most valuable airline loyalty program (~$31 billion), reinforcing a high‑value, monetizable asset that supports pricing power and ancillary revenue opportunities. SkyMiles Ranked Most Valuable — Yahoo Finance
• Neutral Sentiment: Analysts show an average “Moderate Buy” on DAL, reflecting bullish consensus on earnings recovery and cash generation but not unanimous upside. This supports price momentum but is not a guarantee of large near‑term moves. Analyst Recommendations — AmericanBankingNews
• Negative Sentiment: Operational risk: CEO Ed Bastian publicly warned of airport chaos tied to Congressional gridlock over DHS funding — a U.S. government funding impasse could disrupt operations and increase costs, a downside risk for revenue and margins. CEO Comments on Congress — YouTube

Delta Air Lines Company Profile

Delta Air Lines is a major U.S.-based global airline that provides scheduled passenger and cargo air transportation, aircraft maintenance and repair services, and related travel products. Its operations include mainline domestic and international passenger services, a branded regional network operating under the Delta Connection name, dedicated air cargo carriage, and in-house maintenance, repair and overhaul through Delta TechOps. Delta offers a range of cabin products for different customer segments, including premium business-class service on long-haul routes and tiered economy offerings on domestic and international flights, and it markets customer loyalty benefits through the SkyMiles frequent-flyer program.

The carrier operates a mixed fleet of narrow- and wide-body aircraft from multiple U.S.