UBS Cuts Delta Air Lines (DAL) Price Target to $102

UBS has reiterated its Buy rating on Delta Air Lines and set a price target of $102.00, a 35.01% upside from the current price.

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

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

UBS cut its price target on Delta Air Lines, Inc. ($DAL) to $102 from $105 on October 12, 2026, and rates the stock "Buy".

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, UBS reiterated its Buy rating on Delta Air Lines, Inc. with a target price of $102.00, down from $105.00.
UBS's $102 price target implies 35.01% upside from Delta Air Lines, Inc.'s ($DAL) current $75.55 share price.
As of October 16, 2026, Delta's stock was recently trading around $75.55, which is about 25.9% below UBS's target.
Delta has a market cap of approximately $51.4 billion and has shown strong revenue growth of 21.1% year-over-year.

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

UBS has reiterated its Buy rating on Delta Air Lines, Inc. (NYSE: DAL) on October 12, 2026, setting a price target of $102.00. This target is a decrease from the previous target of $105.00.

Other Institutional Activity in Delta Air Lines

Berkshire Hathaway, Inc. has a significant stake in Delta, increasing its holdings by 17,511,680 shares to 57,320,000 shares valued at about $4.32 billion. Blackrock Inc. also holds 45,106,139 shares worth around $3.40 billion after adding 979,609 shares. FMR, LLC increased its position by 5,682,496 shares, bringing its total to 33,187,319 shares valued at about $2.50 billion. Vanguard Capital Management LLC reduced its stake by 637,557 shares to 41,307,000 shares valued at approximately $3.11 billion.

Delta Air Lines, Inc. Stock Down 1.2%

As of October 16, 2026, Delta's stock was recently trading at $75.55, which is about 21.0% below its 52-week high of $95.68. The shares are also trading below both the 50-day moving average of $82.64 and the 200-day moving average of $76.26, indicating a challenging market position.

12-month forecast

$DAL price target

Delta Air Lines, Inc. daily closes and this analyst's $102 target. Not advice.

Recent Earnings

Delta Air Lines reported a trailing twelve-month revenue of approximately $71.8 billion and an earnings per share (EPS) of $5.01. The company has shown a net margin of 4.6% and a return on equity of 15.9%. The next earnings report is scheduled for 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.

Recently, several insiders sold shares. Alain Bellemare, an officer, sold 35,000 shares at an average price of $92.72 on August 4, 2026, totaling about $3.25 million. Another officer, Steven M Sear, sold 40,460 shares at an average price of $93.55 on August 5, 2026, for approximately $3.79 million.

Analysts Set New Price Targets

On October 7, 2026, Bernstein maintained its Outperform rating with a target of $100.00, down from $106.00. Susquehanna also maintained its Positive rating with a target of $100.00, reduced from $105.00. UBS, on the same day as its reiteration, set a target of $102.00. BMO Capital maintained an Outperform rating with a new target of $105.00, while Susquehanna adjusted its target to $95.00 from $100.00.

About Delta Air Lines

Delta Air Lines, Inc. provides scheduled air transportation for passengers and cargo both domestically and internationally. The company operates through two segments: Airline and Refinery. It is headquartered in Atlanta, Georgia, and employs around 100,000 people.

Bottom Line

Investors will look for Delta's upcoming earnings report on January 13, 2027, for further insights into its financial health. UBS's reaffirmed Buy rating and adjusted target reflect ongoing confidence in the airline's recovery despite current trading levels.