Alaska Air Group, Inc. (NYSE:ALK) is one of the 8 Most Undervalued Growth Stocks to Buy for the Next 10 Years.
Alaska Air Group, Inc. (NYSE:ALK) has been enjoying bullish analyst sentiment since the start of July
So far this month, 5 analysts have raised their price targets on the stock. In the latest update, Christopher Stathoulopoulos from Susquehanna raised the firm’s price target on ALK from $50 to $70 and reaffirmed a Buy rating. The price target revision was based on the firm’s expectations that airlines will benefit from lower fuel prices, strong travel demand, and stable ticket fares heading into the second-quarter earnings season.
In addition to Susquehanna, TD Cowen also raised its price target on Alaska Air Group, Inc. (NYSE:ALK) from $51 to $59 while maintaining its Buy rating on July 2. The firm updated its price targets across the airline sector as part of its second-quarter earnings preview. TD Cowen said that it remains broadly positive on the airline sector, assuming the industry can maintain this year’s ticket price increases.