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Delta Air Lines Stock Has 17% Upside, According to 1 Wall Street Analyst

TheMotleyFool

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Delta Air Lines Stock Has 17% Upside, According to 1 Wall Street Analyst: https://g.foolcdn.com/editorial/images/772791/2-airplanes-flying-in-opposite-directions-towards-each-other.jpg

Delta Air Lines (NYSE: DAL) reported terrific earnings last week -- $0.45 per share (adjusted for one-time items), a full $0.10 above what most Wall Street analysts predicted for the airline. Delta followed up on the good Q1 news by predicting ahead-of-consensus earnings for Q2 as well, and 2024 as a whole, sparking a series of upgrades on Wall Street.

Notable among these was a note from Susquehanna's Christopher Stathoulopoulos, who raised his price target on Delta stock to $55 -- a prediction several other bank analysts agreed with. If they're right, Delta stock should gain more than 17% over the next 12 months from its current price.

But are they right?

Source Fool.com

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