Delta Air Lines stock price target raised to $72 from $66 at TD Cowen

Investing.com - TD Cowen has raised its price target on Delta Air Lines (NYSE:DAL) to $72.00 from $66.00 while maintaining a Buy rating on the stock. The airline, currently valued at $38.67 billion, trades at an attractive P/E ratio of 8.11x. According to InvestingPro data, 13 analysts have recently revised their earnings estimates upward for the upcoming period.

The price target increase follows Delta’s recent earnings report which exceeded analyst expectations and included raised guidance from the airline. The company has demonstrated strong performance, generating $62.92 billion in revenue over the last twelve months, with its stock price surging over 41% in the past six months.

TD Cowen noted positive momentum in corporate travel and premium spending, with coastal gateway airports showing particularly strong performance.

The firm highlighted both ticket sales and credit card revenue as areas of strength in Delta’s premium segment.

TD Cowen expects Delta to benefit from initiatives outlined at its investor day and from investments in customer experience, operational efficiencies, and fleet modernization in 2026 and beyond.

In other recent news, Delta Air Lines reported impressive third-quarter 2025 earnings, with adjusted diluted earnings per share of $1.71, surpassing Wall Street’s expectations by approximately 11.76%. The airline also achieved record third-quarter adjusted revenue, reaching $15.2 billion, slightly above the forecasted $15.04 billion. Following these results, Delta increased its 2025 free cash flow guidance to a range of $3.5 to $4.0 billion, supported by strong domestic main cabin performance and premium offerings.

In response to these developments, Bernstein raised its price target for Delta Air Lines to $74, maintaining an Outperform rating. Similarly, Raymond James increased its price target to $70, up from $68, while continuing to hold a Strong Buy rating. These analysts’ actions reflect their positive outlook on Delta’s recent performance and future prospects.

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