DAL trades 3.2% below Wall Street's consensus target of $86.90.
Last 12 months price action with 12-month analyst target path
The base valuation assumes DAL achieves its forward estimates and maintains a stable P/E multiple of 15.4x. This scenario reflects the blended consensus of 44 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
As of June 21, 2026, Delta Air Lines, Inc. (DAL) has a Wall Street consensus price target of $86.90, based on estimates from 44 covering analysts. With the stock currently trading at $84.18, this represents a potential upside of +3.2%. The company has a market capitalization of $54.98B.
Analyst price targets range from a low of $77.00 to a high of $105.00, representing a 32% spread in expectations. The median target of $85.00 aligns closely with the consensus average.
The current analyst consensus rating is Buy, with 36 analysts rating the stock as a Buy or Strong Buy,8 rating it Hold, and 0 rating it Sell or Strong Sell. This overwhelmingly bullish sentiment suggests analysts see significant catalysts for upside ahead.
From a valuation perspective, DAL trades at a trailing P/E of 11.0x and forward P/E of 15.4x. Analysts expect EPS to grow -28.3% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $84.43, with bear and bull scenarios of $53.19 and $111.25 respectively. Model confidence stands at 47/100, suggesting limited visibility into future performance.
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
UALUnited Airlines Holdings, Inc. | $38.4B | $118.32 | $139.67 | +18.0% | Buy | 12.6x | 47 |
AALAmerican Airlines Group Inc. | $10.6B | $15.99 | $17.25 | +7.9% | Buy | — | 37 |
LUVSouthwest Airlines Co. | $23.6B | $47.97 | $48.72 | +1.6% | Hold | 18.0x | 45 |
ALKAlaska Air Group, Inc. | $5.6B | $49.26 | $63.50 | +28.9% | Buy | — | 28 |
JBLUJetBlue Airways Corporation | $2.1B | $5.68 | $5.58 | -1.8% | Hold | — | 36 |
ULCCFrontier Group Holdings, Inc. | $1.7B | $7.22 | $6.00 | -16.9% | Hold | — | 13 |
SKYWSkyWest, Inc. | $3.7B | $92.63 | $122.00 | +31.7% | Buy | 8.5x | 17 |
MESAMesa Air Group, Inc. | $879M | $21.00 | — | — | Hold | 30.9x | 6 |
BAThe Boeing Company | $175.6B | $222.72 | $281.56 | +26.4% | Buy | — | 54 |
GEGE Aerospace | $373.7B | $357.64 | $380.14 | +6.3% | Buy | 47.4x | 34 |
Quick answers to the most common questions about buying DAL stock.
The consensus price target for DAL is $86.9, close to the current price of $84.18 (3.2% implied move). Based on 44 analyst estimates, the stock appears fairly valued near current levels.
DAL has a consensus rating of "Buy" based on 44 Wall Street analysts. The rating breakdown is predominantly bullish, with 36 Buy/Strong Buy ratings. The consensus 12-month price target of $86.9 implies 3.2% upside from current levels.
With a forward P/E of 15.3765x, DAL trades at a relatively low valuation. The consensus target of $86.9 implies 3.2% appreciation, suggesting the market may be pricing in risks.
The most bullish Wall Street analyst has a price target of $105 for DAL, while the most conservative target is $77. The consensus of $86.9 represents the median expectation. Our quantitative valuation model projects a bull case target of $111 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
DAL is heavily covered by Wall Street, with 44 analysts providing price targets and ratings. Of these, 2 have Strong Buy ratings, 34 have Buy ratings, 8 recommend Hold, and 0 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
The 12-month DAL stock forecast based on 44 Wall Street analysts shows a consensus price target of $86.9, with estimates ranging from $77 (bear case) to $105 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $84, with bear/bull scenarios of $53/$111.
Our quantitative valuation model calculates DAL's fair value at $84 (base case), with a bear case of $53 and bull case of $111. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 47/100.
DAL trades at a forward P/E ratio of 15.4x based on next-twelve-months earnings estimates compared to a trailing P/E of 11.0x. The higher forward P/E suggests near-term earnings pressure. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
DAL appears fairly valued according to analysts, with a "Buy" rating and minimal upside to the $86.9 target. Consider your investment thesis and risk tolerance. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
DAL analyst price targets range from $77 to $105, a 32% moderate spread showing some variance in outlooks. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $86.9 consensus represents the middle ground. Our model's $53-$111 range provides an independent fundamental perspective.
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