Citigroup Rates Delta Air Lines (DAL) buy, $106 Price Target
Citigroup reaffirms its buy rating for Delta Air Lines with a price target of $106, as the stock trades at $93.66, a 13.18% upside from the current price.
Reviewed by automated data checks against the source data. How we make and check alerts
Citigroup rated Delta Air Lines, Inc. ($DAL) "buy" with a $106 price target on June 26, 2026.
Since the rating, $DAL is down 1.0% after 1 week, down 6.1% after 1 month and down 18.1% to date (from the $92.08 close on Jun 26, 2026).
DAL
Delta Air Lines, Inc.
Key Points
- Citigroup reiterated its buy rating on Delta Air Lines, Inc. (NYSE: DAL) on June 26, 2026, with a price target of $106.00.
- Citigroup's $106 price target implies 13.18% upside from Delta Air Lines, Inc.'s ($DAL) current $93.66 share price.
- Delta's stock is currently priced at $93.66, just below its 52-week high of $95.68, indicating potential for upward movement.
- Analysts have a consensus strong buy recommendation with a mean price target of $101.07 based on 24 opinions.
Get $DAL trade alerts by text
We text you when insiders, Congress or big funds trade $DAL. Free.
Not investment advice. TradeTexts is not a registered investment adviser, and this automated Delta Air Lines, Inc. alert may contain errors. Disclosures
Citigroup's Continued Support for Delta Air Lines
Citigroup has reaffirmed its buy rating on Delta Air Lines, Inc. (NYSE: DAL) as of June 26, 2026. The investment firm set a price target of $106.00, suggesting optimism about the airline's future performance. The stock trades at $93.66, reflecting a solid position just below its 52-week high of $95.68.
Citigroup vs. the S&P 500
Hypothetical returns from Citigroup's disclosed trades, not real profit or advice. How we model this.
Analysts Set New Price Targets
Citigroup's reiteration follows a trend among analysts who are maintaining positive stances on Delta. On October 12, 2026, UBS kept a buy rating with a target of $102.00. BMO Capital also maintained an outperform rating with a target of $105.00 on the same day. Other firms like Susquehanna and Bernstein have also shown confidence in Delta, with ratings of positive and outperform, respectively. This consistent backing from multiple analysts highlights a strong belief in Delta's growth potential.
Stock Performance and Market Position
Delta's stock is currently at $93.66, a price that is near its 52-week high of $95.68. This suggests that the stock has been performing well, especially as it has been trading above its 50-day moving average of $82.64. Investors may see this as a good indicator of Delta's strength in the competitive airline industry, as it continues to recover and expand.
$DAL price target
Delta Air Lines, Inc. daily closes and this analyst's $106 target. Not advice.
Recent Earnings and Future Outlook
Delta Air Lines reported revenue of about $71.8 billion with revenue growth of 21.1%. The company's earnings per share (EPS) stands at $5.01, showcasing a solid profit margin of 4.6%. The next earnings report is scheduled for January 13, 2027, which will be closely watched by investors and analysts alike for further insights into the airline's performance.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
-
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.
What Delta Air Lines, Inc. Does
Delta Air Lines, Inc. provides scheduled air transportation for passengers and cargo. It operates a large fleet of approximately 1,314 aircraft and has major hubs in key cities across the U.S. and internationally. The airline's strong market presence and operational scale make it a significant player in the industry.
What to Watch at Delta Air Lines, Inc.
Investors should keep an eye on Delta's upcoming earnings report on January 13, 2027, as it may provide further insight into the company's performance and outlook. The recent analyst ratings also indicate a strong belief in Delta's potential, which could lead to further upward movement in its stock price. Remember that 13F filings reflect past positions and may not represent current holdings.
Related Filing Alerts
Source: Citigroup's rating change on $DAL (Jun 26, 2026). Written by software, not financial advice. How we make alerts