Delta Air Lines stock price target raised to $69 by Freedom Capital Markets

Investing.com - Freedom Capital Markets has raised its price target on Delta Air Lines (NYSE:DAL) to $69.00 from $64.00, while maintaining a Buy rating on the stock. According to InvestingPro data, analysts remain highly bullish on DAL, with price targets ranging from $32 to $90, and the stock currently trades at an attractive P/E ratio of 8.7x.

The price target increase follows what the research firm described as "confident results" from the airline carrier, which demonstrated a slight change in market conditions.

Freedom Capital Markets noted that these market conditions are shifting toward higher prices, which positively affects Delta’s margins.

The research firm’s analyst specifically cited these improving margin conditions as a key factor in the decision to upgrade the price target.

Despite the significant price target increase of $5.00, Freedom Capital Markets maintained its previous Buy recommendation on Delta Air Lines stock.

In other recent news, Delta Air Lines has reported impressive third-quarter 2025 results, surpassing both earnings and revenue forecasts. The airline posted an earnings per share (EPS) of $1.71, exceeding the expected $1.53, and achieved a revenue of $15.2 billion, slightly above the $15.04 billion forecast. Following these results, several analyst firms have adjusted their price targets for Delta. TD Cowen raised its price target to $72 while maintaining a Buy rating, citing the airline’s earnings beat and raised guidance. Similarly, Bernstein increased its price target to $74, highlighting Delta’s domestic growth and record third-quarter adjusted revenue. Raymond James also adjusted its price target to $70, maintaining a Strong Buy rating, and noted the positive start to Delta’s third-quarter earnings season. The firm mentioned Delta’s increased 2025 free cash flow guidance, supported by improvements in domestic main cabin performance and continued strength in premium offerings. These developments reflect strong investor confidence and optimism surrounding Delta’s future performance.

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