Bank of America Issues Pessimistic Forecast for Delta Air Lines (NYSE:DAL) Stock Price

Delta Air Lines (NYSE:DAL) had its target price reduced by analysts at Bank of America from $80.00 to $78.00 in a note issued to investors on Wednesday,MarketScreener reports. The brokerage currently has a “buy” rating on the transportation company’s stock. Bank of America‘s target price would suggest a potential upside of 16.82% from the stock’s previous close.

Several other brokerages also recently weighed in on DAL. Argus set a $80.00 price target on shares of Delta Air Lines in a research report on Wednesday, January 14th. Citigroup reduced their target price on Delta Air Lines from $87.00 to $77.00 and set a “buy” rating for the company in a report on Friday, March 20th. TD Cowen upgraded Delta Air Lines from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 18th. Barclays upped their price target on Delta Air Lines from $65.00 to $85.00 and gave the company an “overweight” rating in a report on Monday, January 12th. Finally, Zacks Research lowered Delta Air Lines from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 17th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $78.84.

Delta Air Lines Price Performance

DAL opened at $66.77 on Wednesday. The firm has a market cap of $43.61 billion, a PE ratio of 8.71, a P/E/G ratio of 0.69 and a beta of 1.31. The stock has a 50-day moving average price of $66.52 and a 200-day moving average price of $64.46. Delta Air Lines has a 1 year low of $34.74 and a 1 year high of $76.39. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.40 and a quick ratio of 0.34.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Tuesday, January 13th. The transportation company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.53 by $0.02. The company had revenue of $14.61 billion for the quarter, compared to the consensus estimate of $15.80 billion. Delta Air Lines had a net margin of 7.90% and a return on equity of 20.96%. Delta Air Lines’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.85 EPS. Delta Air Lines has set its Q1 2026 guidance at 0.500-0.900 EPS and its FY 2026 guidance at 6.500-7.500 EPS. Sell-side analysts predict that Delta Air Lines will post 7.63 earnings per share for the current fiscal year.

Insider Activity at Delta Air Lines

In other Delta Air Lines news, EVP Rahul D. Samant sold 62,528 shares of the business’s stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $70.18, for a total transaction of $4,388,215.04. Following the completion of the sale, the executive vice president owned 20,939 shares of the company’s stock, valued at approximately $1,469,499.02. The trade was a 74.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Alain Bellemare sold 35,212 shares of the company’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $75.20, for a total value of $2,647,942.40. Following the completion of the sale, the executive vice president owned 138,176 shares of the company’s stock, valued at approximately $10,390,835.20. The trade was a 20.31% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 620,550 shares of company stock valued at $44,127,667 in the last three months. Corporate insiders own 0.88% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. IFM Investors Pty Ltd raised its stake in Delta Air Lines by 0.5% during the 4th quarter. IFM Investors Pty Ltd now owns 28,167 shares of the transportation company’s stock worth $1,955,000 after acquiring an additional 144 shares during the period. Utah Retirement Systems boosted its position in shares of Delta Air Lines by 0.3% in the fourth quarter. Utah Retirement Systems now owns 52,620 shares of the transportation company’s stock worth $3,652,000 after purchasing an additional 144 shares during the period. First Financial Bank Trust Division increased its stake in shares of Delta Air Lines by 3.3% in the fourth quarter. First Financial Bank Trust Division now owns 4,721 shares of the transportation company’s stock worth $328,000 after purchasing an additional 150 shares in the last quarter. HBK Sorce Advisory LLC increased its stake in shares of Delta Air Lines by 2.6% in the fourth quarter. HBK Sorce Advisory LLC now owns 6,022 shares of the transportation company’s stock worth $454,000 after purchasing an additional 151 shares in the last quarter. Finally, Larson Financial Group LLC raised its position in shares of Delta Air Lines by 2.4% during the 4th quarter. Larson Financial Group LLC now owns 6,472 shares of the transportation company’s stock valued at $449,000 after purchasing an additional 152 shares during the period. 69.93% of the stock is currently owned by institutional investors.

Key Delta Air Lines News

Here are the key news stories impacting Delta Air Lines this week:

• Positive Sentiment: Delta signed a deal with Amazon’s low‑Earth‑orbit service (Project Leo) to bring high‑speed satellite Wi‑Fi to ~500 aircraft starting in 2028 — chosen because of Delta’s existing AWS relationship. The service promises up to 1 Gbps per plane and could strengthen customer experience, ancillary revenue and competitive positioning versus SpaceX’s Starlink. Delta Picks Bezos Over Musk For Satellite Wi-Fi
• Positive Sentiment: Certain analysts continue to back DAL with buy/positive ratings (Jefferies raised its PT to $78; others maintain buy/strong‑buy despite adjustments), providing analyst support for upside. Jefferies adjusts price target on Delta Air Lines
• Neutral Sentiment: Delta reports Q1 results on April 8; street estimates imply modest year‑over‑year EPS growth (consensus around ~$0.62). Guidance, revenue mix and bookings will be watched closely — the report is the next catalyst. Delta Air Lines to Report Q1 Earnings
• Neutral Sentiment: Multiple firms tweaked price targets (some lower, some slightly higher) but many kept buy/positive ratings — signaling mixed conviction: upside exists but expectations are being trimmed for higher costs. Susquehanna adjusts price target on Delta Air Lines
• Negative Sentiment: UBS warns the sector faces a fuel‑cost shock after jet fuel nearly doubled in March; analysts cut EPS across airlines — higher fuel will pressure margins unless Delta successfully passes costs to customers. Airlines brace for fuel shock as UBS sees revenue recovery as key earnings driver
• Negative Sentiment: Reports of major insider selling and recent price‑target reductions have created short‑term investor concern even as the stock has traded up at times — insider activity and lowered PTs can sap sentiment heading into earnings. Delta Air Lines Stock Gains Despite Price Target Reductions and Major Insider Selling

About Delta Air Lines

Delta Air Lines is a major U.S.-based global airline that provides scheduled passenger and cargo air transportation, aircraft maintenance and repair services, and related travel products. Its operations include mainline domestic and international passenger services, a branded regional network operating under the Delta Connection name, dedicated air cargo carriage, and in-house maintenance, repair and overhaul through Delta TechOps. Delta offers a range of cabin products for different customer segments, including premium business-class service on long-haul routes and tiered economy offerings on domestic and international flights, and it markets customer loyalty benefits through the SkyMiles frequent-flyer program.

The carrier operates a mixed fleet of narrow- and wide-body aircraft from multiple U.S.