Alaska Air Group (ALK) Stock Forecast, Price Target & Predictions


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ALK Stock Forecast


Alaska Air Group stock forecast is as follows: an average price target of $72.00 (represents a 72.91% upside from ALK’s last price of $41.64) and a rating consensus of 'Buy', based on 11 wall street analysts offering a 1-year stock forecast.

ALK Price Target


The average price target for Alaska Air Group (ALK) is $72.00 based on 1-year price targets from 11 Wall Street analysts in the past 3 months, with a price target range of $135.00 to $42.00. This represents a potential 72.91% upside from ALK's last price of $41.64.

ALK Analyst Ratings


Buy

According to 11 Wall Street analysts, Alaska Air Group's rating consensus is 'Buy'. The analyst rating breakdown for ALK stock is 0 'Strong Buy' (0.00%), 9 'Buy' (81.82%), 2 'Hold' (18.18%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Alaska Air Group Price Target by Analyst


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Sep 13, 2024Thomas FitzgeraldCantor Fitzgerald$52.00$39.9530.16%24.88%
Apr 19, 2024Christopher StathoulopoulosSusquehanna$42.00$44.44-5.49%0.86%
Apr 18, 2024Duane PfennigwerthEvercore ISI$65.00$44.4446.26%56.10%
Mar 19, 2024Atul MaheswariUBS$54.00$37.8242.78%29.68%
Feb 20, 2024Michael LinenbergDeutsche Bank$51.00$38.9231.04%22.48%
Dec 13, 2023Matthew SheerinStifel Nicolaus$135.00$38.07254.60%224.21%
Oct 19, 2023Christopher DanelySusquehanna$41.00$32.6625.54%-1.54%
Oct 19, 2023Brandon OglenskiBarclays$62.00$32.6689.83%48.90%
Feb 02, 2023-Susquehanna$59.00$53.1111.09%41.69%
Jan 05, 2023-Raymond James$60.00$44.3035.44%44.09%
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The latest Alaska Air Group stock forecast, released on Sep 13, 2024 by Thomas Fitzgerald from Cantor Fitzgerald, set a price target of $52.00, which represents a 30.16% increase from the stock price at the time of the forecast ($39.95), and a 24.88% increase from ALK last price ($41.64).

Alaska Air Group Price Target by Period


1M3M12M
# Anlaysts118
Avg Price Target$52.00$52.00$62.75
Last Closing Price$41.64$41.64$41.64
Upside/Downside24.88%24.88%50.70%

In the current month, the average price target of Alaska Air Group stock is $52.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 24.88% increase as opposed to Alaska Air Group's last price of $41.64. This month's average price target is down 0.00% compared to last quarter, and down -17.13% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
Sep 13, 2024Cowen & Co.BuyBuyHold
May 17, 2024Wolfe Research-OutperformUpgrade
Apr 19, 2024SusquehannaNeutralNeutralHold
Apr 19, 2024Bank of America SecuritiesBuyBuyHold
Apr 18, 2024Evercore ISIOutperformOutperformHold
Apr 04, 2024Cowen & Co.BuyBuyHold
Feb 20, 2024Deutsche Bank-BuyUpgrade
Dec 13, 2023BarclaysOverweightOverweightHold
Dec 04, 2023Raymond JamesStrong BuyMarket PerformDowngrade
Oct 19, 2023Raymond JamesStrong BuyStrong BuyHold
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Alaska Air Group's last stock rating was published by Cowen & Co. on Sep 13, 2024. The company gave ALK a "Buy" rating, the same as its previous rate.

Alaska Air Group Financial Forecast


Alaska Air Group Revenue Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
Revenue------------$2.55B$2.84B$2.84B$2.20B$2.48B$2.83B$2.66B$1.68B$1.90B$1.95B$1.53B$797.00M$808.00M$701.00M$421.00M$1.64B$2.23B$2.39B
Avg Forecast$2.89B$3.27B$3.25B$2.50B$2.80B$3.10B$3.06B$2.44B$2.65B$2.93B$2.93B$2.18B$2.53B$2.87B$2.77B$2.19B$2.51B$2.82B$2.57B$1.66B$1.85B$1.93B$1.52B$786.45M$816.73M$684.83M$342.36M$1.73B$2.22B$2.38B
High Forecast$2.91B$3.29B$3.27B$2.52B$2.82B$3.12B$3.09B$2.46B$2.67B$3.02B$2.95B$2.19B$2.54B$2.89B$2.79B$2.21B$2.53B$2.84B$2.65B$1.72B$1.91B$2.00B$1.57B$812.44M$843.73M$707.47M$353.68M$1.79B$2.29B$2.46B
Low Forecast$2.85B$3.23B$3.21B$2.47B$2.76B$3.06B$3.03B$2.42B$2.62B$2.90B$2.89B$2.15B$2.52B$2.84B$2.73B$2.17B$2.48B$2.79B$2.54B$1.64B$1.82B$1.91B$1.50B$776.49M$806.39M$676.16M$338.03M$1.71B$2.19B$2.35B
# Analysts5454434358548454434354541377986
Surprise %------------1.01%0.99%1.03%1.00%0.99%1.00%1.04%1.01%1.03%1.01%1.01%1.01%0.99%1.02%1.23%0.95%1.01%1.00%

Alaska Air Group's average Quarter revenue forecast for Mar 24 based on 4 analysts is $2.18B, with a low forecast of $2.15B, and a high forecast of $2.19B. ALK's average Quarter revenue forecast represents a -14.73% decrease compared to the company's last Quarter revenue of $2.55B (Dec 23).

Alaska Air Group EBITDA Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts5454434358548454434354541377986
EBITDA------------$94.00M$272.00M$538.00M$-114.00M$167.00M$338.00M$354.00M$-106.00M$154.00M$371.00M$662.00M$-47.00M$-512.00M$-454.00M$-168.00M$-199.00M$363.00M$536.00M
Avg Forecast$116.60M$132.08M$131.14M$100.93M$112.96M$125.10M$123.80M$98.80M$107.09M$118.52M$118.30M$-71.40M$102.18M$116.06M$111.78M$-64.91M$101.40M$407.94M$103.78M$-59.01M$74.62M$78.09M$61.39M$-48.55M$33.01M$27.68M$13.84M$-253.59M$89.54M$96.18M
High Forecast$117.52M$133.12M$132.18M$101.73M$113.85M$126.09M$124.78M$99.58M$107.94M$122.15M$119.24M$-57.12M$102.58M$116.97M$112.67M$-51.93M$102.20M$489.53M$107.21M$-47.21M$77.09M$80.67M$63.42M$-38.84M$34.10M$28.59M$14.29M$-202.87M$92.50M$99.36M
Low Forecast$115.24M$130.54M$129.61M$99.76M$111.64M$123.64M$122.36M$97.65M$105.85M$117.31M$116.92M$-85.68M$101.78M$114.71M$110.48M$-77.89M$100.22M$326.35M$102.47M$-70.81M$73.68M$77.10M$60.61M$-58.26M$32.59M$27.33M$13.66M$-304.31M$88.41M$94.96M
Surprise %------------0.92%2.34%4.81%1.76%1.65%0.83%3.41%1.80%2.06%4.75%10.78%0.97%-15.51%-16.40%-12.14%0.78%4.05%5.57%

4 analysts predict ALK's average Quarter EBITDA for Mar 24 to be $-71.40M, with a high of $-57.12M and a low of $-85.68M. This is -175.96% lower than Alaska Air Group's previous annual EBITDA (Dec 23) of $94.00M.

Alaska Air Group Net Income Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts5454434358548454434354541377986
Net Income------------$-2.00M$139.00M$240.00M$-142.00M$22.00M$40.00M$139.00M$-143.00M$18.00M$194.00M$397.00M$-131.00M$-447.00M$-431.00M$-214.00M$-232.00M$181.00M$322.00M
Avg Forecast$123.18M$315.64M$428.56M$-55.17M$126.60M$271.59M$367.61M$3.21M$116.35M$245.46M$309.73M$-192.64M$23.22M$239.35M$347.34M$-175.13M$120.19M$213.32M$252.20M$-159.21M$28.56M$174.42M$-56.12M$-135.33M$-371.62M$-377.18M$-494.89M$-295.65M$181.28M$323.43M
High Forecast$124.44M$318.89M$432.96M$-54.34M$127.90M$274.38M$371.39M$3.24M$117.55M$335.27M$312.91M$-154.11M$34.15M$241.81M$350.91M$-140.10M$121.43M$255.98M$263.04M$-127.37M$29.79M$181.92M$-55.20M$-108.26M$-365.51M$-370.97M$-486.75M$-236.52M$189.07M$337.33M
Low Forecast$121.31M$310.87M$422.07M$-55.74M$124.68M$267.48M$362.04M$3.16M$114.59M$217.02M$305.04M$-231.17M$19.12M$235.73M$342.08M$-210.15M$118.37M$170.65M$248.05M$-191.05M$28.09M$171.55M$-58.54M$-162.40M$-387.59M$-393.39M$-516.16M$-354.78M$178.30M$318.11M
Surprise %-------------0.09%0.58%0.69%0.81%0.18%0.19%0.55%0.90%0.63%1.11%-7.07%0.97%1.20%1.14%0.43%0.78%1.00%1.00%

Alaska Air Group's average Quarter net income forecast for Dec 23 is $23.22M, with a range of $19.12M to $34.15M. ALK's average Quarter net income forecast represents a -83.29% decrease compared to the company's last Quarter net income of $139.00M (Sep 23).

Alaska Air Group SG&A Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts5454434358548454434354541377986
SG&A------------$72.00M$84.00M$81.00M$66.00M$77.00M$82.00M$78.00M$58.00M$50.00M$49.00M$41.00M$33.00M$18.00M$24.00M$4.00M$55.00M$77.00M$77.00M
Avg Forecast$87.50M$99.11M$98.40M$75.74M$84.76M$93.87M$92.90M$74.14M$80.36M$88.93M$88.77M$78.13M$76.68M$87.09M$83.88M$71.03M$76.09M$53.88M$77.87M$64.57M$56.00M$58.60M$46.06M$34.09M$24.77M$20.77M$10.38M$70.09M$67.19M$72.17M
High Forecast$88.19M$99.89M$99.18M$76.34M$85.43M$94.61M$93.63M$74.72M$81.00M$91.66M$89.47M$93.76M$76.98M$87.78M$84.54M$85.24M$76.69M$64.66M$80.45M$77.49M$57.85M$60.53M$47.59M$40.91M$25.59M$21.45M$10.73M$84.11M$69.41M$74.56M
Low Forecast$86.48M$97.96M$97.26M$74.85M$83.78M$92.78M$91.82M$73.27M$79.42M$88.03M$87.74M$62.51M$76.38M$86.07M$82.90M$56.82M$75.20M$43.10M$76.89M$51.66M$55.29M$57.85M$45.48M$27.27M$24.45M$20.50M$10.25M$56.07M$66.34M$71.26M
Surprise %------------0.94%0.96%0.97%0.93%1.01%1.52%1.00%0.90%0.89%0.84%0.89%0.97%0.73%1.16%0.39%0.78%1.15%1.07%

Alaska Air Group's average Quarter SG&A projection for Mar 24 is $78.13M, based on 4 Wall Street analysts, with a range of $62.51M to $93.76M. The forecast indicates a 8.52% rise compared to ALK last annual SG&A of $72.00M (Dec 23).

Alaska Air Group EPS Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts5454434358548454434354541377986
EPS------------$-0.02$1.09$1.88$-1.11$0.17$0.32$1.10$-1.14$0.14$1.55$3.18$-1.05$-3.47$-3.49$-1.74$-1.89$1.47$2.61
Avg Forecast$0.96$2.46$3.34$-0.43$0.99$2.12$2.87$0.03$0.91$1.91$2.41$-1.05$0.18$1.87$2.71$-0.48$0.94$2.39$1.97$-1.59$0.22$1.36$-0.44$-3.63$-2.90$-2.94$-3.86$-0.95$1.41$2.52
High Forecast$0.97$2.49$3.37$-0.42$1.00$2.14$2.89$0.03$0.92$2.61$2.44$-1.03$0.27$1.88$2.73$-0.47$0.95$2.42$2.05$-1.57$0.23$1.42$-0.43$-3.57$-2.85$-2.89$-3.79$-0.93$1.47$2.63
Low Forecast$0.95$2.42$3.29$-0.43$0.97$2.08$2.82$0.02$0.89$1.69$2.38$-1.06$0.15$1.84$2.67$-0.49$0.92$2.36$1.93$-1.66$0.22$1.34$-0.46$-3.79$-3.02$-3.07$-4.02$-0.99$1.39$2.48
Surprise %-------------0.09%0.58%0.69%2.31%0.18%0.13%0.56%0.72%0.63%1.14%-7.27%0.29%1.20%1.19%0.45%1.99%1.04%1.04%

According to 8 Wall Street analysts, Alaska Air Group's projected average Quarter EPS for Dec 23 is $0.18, with a low estimate of $0.15 and a high estimate of $0.27. This represents a -83.40% decrease compared to ALK previous annual EPS of $1.09 (Sep 23).

Alaska Air Group Peer Comparison by Price Target


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
SAVESpirit Airlines$2.50$17.48599.20%Buy
ULCCFrontier Group$4.31$11.07156.84%Hold
ALGTAllegiant Travel Company$41.55$97.50134.66%Hold
AALAmerican Airlines Group$10.69$19.7985.13%Hold
ALKAlaska Air Group$41.64$72.0072.91%Buy
JBLUJetBlue Airways$5.94$9.4559.09%Hold
LUVSouthwest Airlines$28.68$42.4648.05%Hold
DALDelta Air Lines$45.18$57.1626.52%Buy
UALUnited Airlines$50.22$61.1221.70%Buy
SKYWSkyWest$78.26$42.00-46.33%Buy

ALK Forecast FAQ


Yes, according to 11 Wall Street analysts, Alaska Air Group (ALK) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 9 'Buy' recommendations, accounting for 81.82% of ALK's total ratings.

Alaska Air Group (ALK) average price target is $72 with a range of $42 to $135, implying a 72.91% from its last price of $41.64. The data is based on 11 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

According to Wall Street analysts' prediction for ALK stock, the company can go up by 72.91% (from the last price of $41.64 to the average price target of $72), up by 224.21% based on the highest stock price target, and up by 0.86% based on the lowest stock price target.

ALK's average twelve months analyst stock price target of $72 supports the claim that Alaska Air Group can reach $60 in the near future.

1 Wall Street analyst forecast a $52 price target for Alaska Air Group (ALK) this month, up 24.88% from its last price of $41.64. Compared to the last 3 and 12 months, the average price target increased by 24.88% and increased by 50.70%, respectively.

Alaska Air Group's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $11.4B (high $11.49B, low $11.27B), average EBITDA is $460.66M (high $464.3M, low $455.29M), average net income is $769.01M (high $776.91M, low $757.37M), average SG&A $345.67M (high $348.4M, low $341.64M), and average EPS is $5.99 (high $6.05, low $5.9). ALK's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $11.9B (high $11.99B, low $11.76B), average EBITDA is $480.75M (high $484.55M, low $475.15M), average net income is $812.2M (high $821.95M, low $798.51M), average SG&A $360.75M (high $363.6M, low $356.55M), and average EPS is $6.33 (high $6.41, low $6.22).

Based on Alaska Air Group's last annual report (Dec 2023), the company's revenue was $10.43B, beating the average analysts forecast of $10.36B by 0.63%. Apple's EBITDA was $653M, beating the average prediction of $265.12M by 146.31%. The company's net income was $235M, missing the average estimation of $434.78M by -45.95%. Apple's SG&A was $303M, missing the average forecast of $318.68M by -4.92%. Lastly, the company's EPS was $1.84, missing the average prediction of $4.27 by -56.93%. In terms of the last quarterly report (Dec 2023), Alaska Air Group's revenue was $2.55B, beating the average analysts' forecast of $2.53B by 0.97%. The company's EBITDA was $94M, missing the average prediction of $102.18M by -8.01%. Alaska Air Group's net income was $-2M, missing the average estimation of $23.22M by -108.61%. The company's SG&A was $72M, missing the average forecast of $76.68M by -6.10%. Lastly, the company's EPS was $-0.0157, missing the average prediction of $0.181 by -108.67%