Susquehanna raises Alaska Air Group target to $70
Susquehanna analyst Christopher Stathoulopoulos maintained a Positive rating on Alaska Air Group and raised the price target from $50 to $70. This follows similar target increases from BMO Capital, TD Cowen, B of A Securities, Evercore ISI Group, and Goldman Sachs, while Citigroup maintained a Sell rating.
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Susquehanna analyst Christopher Stathoulopoulos has maintained a Positive rating on Alaska Air Group and raised the price target from $50 to $70. This adjustment adds to a series of positive revisions from major financial institutions, reflecting shifting perspectives on the airline's valuation and future performance. Alaska Air Group trades on the NYSE under the ticker symbol ALK.
BMO Capital analyst Michael Goldie maintained an Outperform rating on Alaska Air Group and raised the price target from $55 to $62.5. TD Cowen analyst Tom Fitzgerald maintained a Buy rating on Alaska Air Group and raised the price target from $51 to $59. B of A Securities analyst Andrew Didora maintained a Buy rating while raising the price target from $60 to $65. Evercore ISI Group analyst Duane Pfennigwerth also raised the price target from $55 to $65, maintaining an Outperform rating. Goldman Sachs analyst Catherine O'Brien maintained a Buy rating and increased the price target from $58 to $69. Conversely, Citigroup analyst John Godyn maintained a Sell rating but raised the price target from $32 to $47.
Rating Details
| Firm | Analyst | Rating | Previous Target | New Target |
|---|---|---|---|---|
| Susquehanna | Christopher Stathoulopoulos | Positive | $50 | $70 |
| BMO Capital | Michael Goldie | Outperform | $55 | $62.5 |
| TD Cowen | Tom Fitzgerald | Buy | $51 | $59 |
| B of A Securities | Andrew Didora | Buy | $60 | $65 |
| Evercore ISI Group | Duane Pfennigwerth | Outperform | $55 | $65 |
| Citigroup | John Godyn | Sell | $32 | $47 |
| Goldman Sachs | Catherine O'Brien | Buy | $58 | $69 |
What specific operational or market factors are driving the consensus among analysts to raise price targets?
How might Alaska Air Group's recent performance influence its competitive position in the airline industry?
What are the potential risks or challenges that could offset the positive outlook from analysts?
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