Susquehanna Cuts Delta Air Lines (DAL) Price Target to $95

Susquehanna has reaffirmed its Positive rating on Delta Air Lines, setting a price target of $95, a 25.74% upside from the current price.

By TradeTexts Research Desk · Published Oct 16, 2026, 2:08 PM EDT

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Susquehanna cut its price target on Delta Air Lines, Inc. ($DAL) to $95 from $100 on October 12, 2026, and rates the stock "Positive".

Since the rating, $DAL is down 5.7% to date (from the $79.89 close on Oct 12, 2026).

DAL Delta Air Lines, Inc.

$75.37 +10.30% year to date

Daily close · Oct 16, 2026

Key Points

On October 12, 2026, Susquehanna reiterated its Positive rating on Delta Air Lines with a price target of $95.
Susquehanna's $95 price target implies 25.74% upside from Delta Air Lines, Inc.'s ($DAL) current $75.55 share price.
Delta Air Lines' stock recently traded around $75.55, which is about 21% below its 52-week high of $95.68.
The airline sector shows mixed ratings, with 24 analysts currently covering Delta, holding a consensus recommendation of 'strong buy'.

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On October 12, 2026, Susquehanna reiterated its Positive rating on Delta Air Lines, Inc. (NYSE: DAL) and set a price target of $95. This marks a decrease from the previous target of $100. The airline's stock recently traded around $75.55 as of October 16, 2026.

Susquehanna's Call on Delta Air Lines

Susquehanna's Positive rating suggests confidence in Delta's performance despite a lower target. The airline's stock is currently below its 50-day and 200-day moving averages, which could indicate challenges ahead. The recent share price is also about 21% below its 52-week high of $95.68.

Other Institutional Activity in Delta Air Lines

Several other institutional investors have also adjusted their stakes in Delta. Berkshire Hathaway, Inc. increased its holdings by 17,511,680 shares, totaling 57,320,000 shares valued at approximately $4.32 billion. FMR, LLC added 5,682,496 shares, bringing its total to 33,187,319 shares worth about $2.50 billion. Meanwhile, BlackRock Inc. slightly raised its position by 979,609 shares, ending with 45,106,139 shares valued at about $3.40 billion.

Delta Air Lines, Inc. Stock Down 1.2%

Delta Air Lines shares are currently trading at $75.55, which is below their 50-day moving average of $82.64 and their 200-day average of $76.26. This positioning suggests that the stock is facing some headwinds, as it is also 25.2% below the mean price target set by analysts.

12-month forecast

$DAL price target

Delta Air Lines, Inc. daily closes and this analyst's $95 target. Not advice.

Recent Earnings

In its most recent earnings report, Delta Air Lines posted a revenue of approximately $71.8 billion with a net margin of 4.6%. The company is expected to report its next earnings 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.

Insider Buying and Selling at Delta Air Lines, Inc.

Recent insider transactions include several sales by Officer Alain Bellemare, who sold 35,000 shares at an average price of $92.72 on August 4, 2026, totaling about $3.25 million. Officer Steven M Sear also sold 40,460 shares at $93.55 on August 5, 2026, amounting to approximately $3.79 million.

Analysts Set New Price Targets

On October 12, 2026, UBS maintained a Buy rating on Delta with a price target of $102, while BMO Capital also maintained an Outperform rating with a target of $105. The consensus from the 24 analysts covering the stock is a strong buy, with a mean price target of about $101.07.

About Delta Air Lines

Delta Air Lines, Inc. offers scheduled air transportation for passengers and cargo both domestically and internationally. The company operates through two main segments: Airline and Refinery, and is headquartered in Atlanta, Georgia. With a workforce of around 100,000 employees, Delta plays a significant role in the airline industry.

Bottom Line

Investors should keep an eye on Delta's upcoming earnings report on January 13, 2027, and watch for any further analyst updates or changes in institutional holdings. Susquehanna's recent price target revision reflects ongoing assessments in the airline sector.