B of A Securities Rates Delta Air Lines (DAL) buy

Analyst Andrew Didora highlights a clear path forward for the airline stock as it trades near its yearly highs, a 6.77% upside from the current price.

By TradeTexts Research Desk · Published Jul 1, 2026, 11:01 AM EDT · Updated Jul 1, 2026, 3:01 PM EDT

Reviewed by automated data checks against the source data. How we make and check alerts

B of A Securities rated Delta Air Lines, Inc. ($DAL) "buy" with a $100 price target on July 1, 2026.

Since the rating, $DAL is down 6.2% after 1 week, down 5.8% after 1 month and down 18.6% to date (from the $92.57 close on Jul 1, 2026).

DAL Delta Air Lines, Inc.

$75.37 +10.30% year to date

Daily close · Oct 16, 2026

Key Points

B of A Securities kept its Buy rating on Delta Air Lines with a price target of $100, implying upside from its spot price of $93.66.
The stock is trading near the top of its 52-week range of $55.03 to $95.68, supported by strong revenue growth of 21.1%.
A flurry of major Wall Street firms updated their targets in October 2026, with most maintaining positive outlooks between $95 and $105.

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B of A Securities Highlights Upside Potential in Delta Air Lines

Delta Air Lines, Inc. (NYSE: DAL) continues to look attractive to major Wall Street analysts as travel demand holds steady. Analyst Andrew Didora of B of A Securities reiterated a Buy rating on the major airline carrier with a price target of $100.00. The decision underscores confidence in the carrier's financial health, even as the stock trades close to its peak levels for the year.

At the time of the report, Delta shares were trading at $93.66. This price point sits just below the $100.00 target set by B of A Securities, suggesting there is still room for the stock to climb higher. This positive outlook aligns with a broader pattern of bullish sentiment from the firm, which has kept a favorable view on Delta alongside other major industry players like United Airlines.

Analyst rating track record

B of A Securities vs. the S&P 500

YTD return +7.55% hypothetical

All-time return +31.70% S&P 500 +26.90%

vs. S&P 500 +4.80% ahead of the index

Hypothetical returns from B of A Securities's disclosed trades, not real profit or advice. How we model this.

Where Delta Stock Stands Today

Delta's stock has shown impressive momentum recently. The shares have been hovering near the top of their 52-week trading range, which has seen a low of $55.03 and a high of $95.68. The current market price of $93.66 is well supported by its longer-term trading patterns, staying above both its 50-day moving average of $82.63 and its 200-day moving average of $76.26.

With a market valuation of $51.37 billion, Delta is currently valued at a trailing price-to-earnings ratio of 15.58. Looking forward, the valuation is even more modest, with a forward P/E ratio sitting at 10.65. This lower forward ratio suggests that analysts expect earnings to improve in the coming quarters relative to the current stock price.

12-month forecast

$DAL price target

Delta Air Lines, Inc. daily closes and this analyst's $100 target. Not advice.

Recent Earnings and Dividend Growth

Delta's financial engine has been running efficiently, supported by strong demand for flights. In its most recent financial reports, the airline posted total revenue of $71.80 billion, representing a robust revenue growth rate of 21.1%. The company achieved earnings per share of $5.01, translating to a net profit margin of 4.58% and a return on equity of 15.91%.

Shareholders also benefit from a steady dividend payout. Delta currently offers an annual dividend yield of 1.1%, backed by a conservative dividend payout ratio of 15.52%. This low payout ratio indicates that Delta keeps plenty of cash on hand to reinvest in its fleet and pay down debt while still rewarding its investors. The company's next earnings report is scheduled to be released on January 13, 2027.

Earnings drift grade

Outlook vs expectations on the last report — not price action.

B- 72/100

Reported Apr 8, 2026

Forward outlook
4 target raises vs 1 cuts.
EPS & revenue
EPS beat estimates by 10.7%. Revenue beat estimates by 12.0%.
Profit surprise
EBITDA missed by 57 percent. Operating income missed sharply.
Pre-earnings setup
Bar was high, analysts already very bullish.
Analyst signal
4 target raises, 1 target cut.
Earnings quality
Gross margin up 7.2 points. Operating margin down 0.9 points. Positive free cash flow.

Earnings Call Summary

Delta delivered strong March quarter results with 15.9 billion dollars in revenue and 64 cents in earnings per share, beating expectations. Demand remains strong across corporate and leisure travel. However, jet fuel prices nearly doubled from earlier in the year, adding more than two billion dollars in fuel costs for the second quarter. The airline is reducing capacity in unprofitable flying and working to recapture forty to fifty percent of fuel price increases through higher ticket prices and fees.

Guidance Delta expects second quarter revenue to grow in the low teens, flat capacity versus last year. They plan an operating margin of six to eight percent and earnings of one dollar to one dollar fifty per share. Jet fuel prices are expected to average four dollars thirty per gallon, double last year's cost.

Slightly positive report. The quarter was acceptable, but the forward setup is not strong.

Wall Street Analysts Align on Delta's Future

A wide range of financial institutions updated their outlooks on Delta during the autumn of 2026, showing a high level of consensus. On October 12, 2026, UBS maintained its Buy rating on the stock, adjusting its price target to $102.00 from a previous $105.00. On that same day, BMO Capital kept its Outperform rating and lifted its target to $105.00 from $100.00, while Susquehanna maintained a Positive rating with a target of $95.00.

Earlier in the month, Bernstein maintained an Outperform rating with a $100.00 target on October 7, 2026, and Wells Fargo maintained an Overweight rating with a $100.00 target on October 6, 2026. TD Cowen also kept its Buy rating with a $101.00 target on October 2, 2026. Across 24 analyst opinions, the stock has a strong buy consensus with a mean price target of $101.07, ranging from a low of $53.00 to a high of $125.00.

About Delta Air Lines

Delta Air Lines is one of the world's largest global carriers, transporting millions of passengers and tons of cargo each year. Based in Atlanta, Georgia, the airline operates a massive fleet of over 1,300 planes. Its business relies on key regional hubs like Atlanta, Detroit, and Salt Lake City, alongside major international partnerships that connect travelers to Europe, Asia, and Latin America. This massive operational footprint helps the company maintain its leading position in the premium travel sector.

What to Watch at Delta Air Lines, Inc.

Investors tracking Delta will want to keep a close eye on the company's upcoming winter earnings report on January 13, 2027, which will reveal how holiday travel volumes impacted the bottom line. It is also worth watching for future institutional holdings disclosures to see if large funds are expanding their stakes in response to these positive analyst targets. As always, past performance and analyst projections are no guarantee of future stock movements.