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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 $58.80 (represents a -10.94% downside from ALK’s last price of $66.02) 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 $58.80 based on 1-year price targets from 11 Wall Street analysts in the past 3 months, with a price target range of $70.00 to $45.00. This represents a potential -10.94% downside from ALK's last price of $66.02.

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
Dec 04, 2024Tom FitzgeraldCantor Fitzgerald$68.00$53.7326.56%3.00%
Nov 15, 2024Catherine O'BrienGoldman Sachs$70.00$52.8832.38%6.03%
Oct 28, 2024Conor CunninghamMelius Research$56.00$47.1018.90%-15.18%
Oct 21, 2024Brandon OglenskiBarclays$55.00$44.9422.39%-16.69%
Oct 09, 2024Christopher StathoulopoulosSusquehanna$45.00$42.745.29%-31.84%
Sep 13, 2024Thomas FitzgeraldCantor Fitzgerald$52.00$39.9530.16%-21.24%
Apr 19, 2024Christopher StathoulopoulosSusquehanna$42.00$44.44-5.49%-36.38%
Apr 18, 2024Duane PfennigwerthEvercore ISI$65.00$44.4446.26%-1.54%
Mar 19, 2024Atul MaheswariUBS$54.00$37.8242.78%-18.21%
Feb 20, 2024Michael LinenbergDeutsche Bank$51.00$38.9231.04%-22.75%
Dec 13, 2023Matthew SheerinStifel Nicolaus$67.50$19.04254.52%2.24%
Oct 19, 2023Brandon OglenskiBarclays$62.00$32.6689.83%-6.09%
Oct 19, 2023Christopher DanelySusquehanna$41.00$32.6625.54%-37.90%
Feb 02, 2023Susquehanna$59.00$53.1111.09%-10.63%
Jan 05, 2023Raymond James$60.00$44.3035.44%-9.12%
Dec 05, 2022Citigroup$55.00$46.7017.77%-16.69%
Jul 12, 2022Barclays$45.00$41.927.35%-31.84%
Apr 22, 2022J.P. Morgan$103.00$56.9580.86%56.01%
Apr 03, 2022Helane BeckerCowen & Co.$85.00$57.9546.68%28.75%
Oct 06, 2021Catherine O'BrienGoldman Sachs$91.00$61.0549.06%37.84%
Jun 10, 2021Conor CunninghamMKM Partners$81.00$64.9024.81%22.69%
Apr 23, 2021Joseph DeNardiStifel Nicolaus$86.00$69.2124.26%30.26%

The latest Alaska Air Group stock forecast, released on Dec 04, 2024 by Tom Fitzgerald from Cantor Fitzgerald, set a price target of $68.00, which represents a 26.56% increase from the stock price at the time of the forecast ($53.73), and a 3.00% increase from ALK last price ($66.02).

Alaska Air Group Price Target by Period

1M3M12M
# Anlaysts1510
Avg Price Target$68.00$58.80$55.80
Last Closing Price$66.02$66.02$66.02
Upside/Downside3.00%-10.94%-15.48%

In the current month, the average price target of Alaska Air Group stock is $68.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 3.00% increase as opposed to Alaska Air Group's last price of $66.02. This month's average price target is up 15.65% compared to last quarter, and up 21.86% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Dec 04, 2024Cowen & Co.BuyBuyHold
Oct 09, 2024SusquehannaNeutralNeutralHold
Sep 13, 2024Cowen & Co.BuyBuyHold
May 17, 2024Wolfe ResearchOutperformUpgrade
Apr 19, 2024SusquehannaNeutralNeutralHold
Apr 19, 2024Bank of America SecuritiesBuyBuyHold
Apr 18, 2024Evercore ISIOutperformOutperformHold
Apr 04, 2024Cowen & Co.BuyBuyHold
Feb 20, 2024Deutsche BankBuyUpgrade
Dec 13, 2023BarclaysOverweightOverweightHold
Dec 04, 2023Raymond JamesStrong BuyMarket PerformDowngrade
Oct 19, 2023SusquehannaPositivePositiveHold
Oct 19, 2023Raymond JamesStrong BuyStrong BuyHold
Oct 19, 2023BarclaysOverweightOverweightHold
Jul 26, 2023SusquehannaPositivePositiveHold
Jul 26, 2023BarclaysOverweightOverweightHold
Jul 26, 2023Goldman SachsBuyBuyHold
Apr 03, 2023Raymond JamesOutperformStrong BuyUpgrade
Mar 10, 2023BarclaysEqual-WeightOverweightUpgrade
Feb 02, 2023SusquehannaPositivePositiveHold
Jan 05, 2023Raymond JamesOutperformOutperformHold
Dec 05, 2022CitigroupOutperformBuyInitialise
Oct 21, 2022Cowen & Co.OutperformOutperformHold
Jul 12, 2022BarclaysEqual-WeightEqual-WeightHold
Jun 23, 2022CitigroupOutperformDowngrade
Apr 26, 2022Zacks Investment ResearchBuyUpgrade
Jul 25, 2021Raymond JamesBuyBuyHold

Alaska Air Group's last stock rating was published by Cowen & Co. on Dec 04, 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$3.98B$4.29B$4.15B$3.30B$3.70B$4.00B$3.89B$3.12B$3.41B$3.00B$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$4.08B$4.40B$4.26B$3.38B$3.79B$4.10B$3.98B$3.25B$3.46B$3.05B$2.93B$2.18B$2.54B$2.94B$2.83B$2.25B$2.57B$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
Low Forecast$3.90B$4.20B$4.07B$3.23B$3.62B$3.92B$3.80B$3.02B$3.37B$2.96B$2.92B$2.18B$2.52B$2.81B$2.71B$2.15B$2.46B$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
# Analysts2222111463548454434354541377986
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 $2.18B, and a high forecast of $2.18B. 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
# Analysts2222111463548454434354541377986
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$51.25M$55.18M$53.42M$42.45M$47.62M$51.51M$49.98M$40.17M$43.90M$38.65M$37.66M$-71.40M$32.53M$36.94M$35.58M$-64.91M$177.10M$109.56M$99.79M$-59.01M$71.75M$75.08M$59.03M$-48.55M$31.74M$26.61M$13.30M$-253.59M$86.10M$92.48M
High Forecast$52.53M$56.56M$54.75M$43.50M$48.80M$52.79M$51.23M$41.77M$44.54M$39.21M$37.71M$-57.12M$32.66M$37.86M$36.47M$-51.93M$212.52M$109.56M$99.79M$-47.21M$71.75M$75.08M$59.03M$-38.84M$31.74M$26.61M$13.30M$-202.87M$86.10M$92.48M
Low Forecast$50.19M$54.04M$52.31M$41.57M$46.63M$50.44M$48.95M$38.81M$43.40M$38.10M$37.60M$-85.68M$32.40M$36.18M$34.85M$-77.89M$141.68M$109.56M$99.79M$-70.81M$71.75M$75.08M$59.03M$-58.26M$31.74M$26.61M$13.30M$-304.31M$86.10M$92.48M
Surprise %------------2.89%7.36%15.12%1.76%0.94%3.09%3.55%1.80%2.15%4.94%11.21%0.97%-16.13%-17.06%-12.63%0.78%4.22%5.80%

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
# Analysts2222111463548454434354541377986
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$192.77M$497.20M$583.06M$-69.07M$104.22M$340.21M$384.57M$-87.81M$55.90M$285.25M$310.41M$-192.64M$23.27M$239.87M$348.10M$-175.13M$20.70M$306.97M$252.20M$-159.21M$28.56M$174.42M$-56.12M$-135.33M$-371.62M$-377.18M$-494.89M$-295.65M$181.28M$323.43M
High Forecast$199.02M$513.30M$601.95M$-67.20M$107.60M$351.23M$397.03M$400.64M$59.62M$294.49M$312.53M$-154.11M$34.23M$247.64M$359.37M$-140.10M$24.84M$306.97M$252.20M$-127.37M$28.56M$181.74M$-56.12M$-108.26M$-371.62M$-377.18M$-494.89M$-236.52M$181.28M$323.43M
Low Forecast$187.57M$483.79M$567.33M$-71.31M$101.41M$331.04M$374.20M$-356.73M$43.47M$277.55M$308.29M$-231.17M$19.17M$233.40M$338.71M$-210.15M$16.56M$306.97M$252.20M$-191.05M$28.56M$167.10M$-56.12M$-162.40M$-371.62M$-377.18M$-494.89M$-354.78M$181.28M$323.43M
Surprise %-------------0.09%0.58%0.69%0.81%1.06%0.13%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 $23.27M, with a range of $19.17M to $34.23M. ALK's average Quarter net income forecast represents a -83.26% 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
# Analysts2222111463548454434354541377986
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$120.81M$130.08M$125.92M$100.06M$112.24M$121.42M$117.82M$94.68M$103.49M$91.12M$88.77M$78.13M$76.68M$87.09M$83.88M$71.03M$57.50M$85.50M$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$123.82M$133.32M$129.06M$102.55M$115.04M$124.45M$120.76M$98.46M$104.98M$92.43M$88.90M$93.76M$76.98M$89.26M$85.97M$85.24M$69.00M$85.50M$77.87M$77.49M$56.00M$58.60M$46.06M$40.91M$24.77M$20.77M$10.38M$84.11M$67.19M$72.17M
Low Forecast$118.30M$127.38M$123.31M$97.98M$109.91M$118.90M$115.38M$91.49M$102.31M$89.80M$88.64M$62.51M$76.38M$85.28M$82.14M$56.82M$46.00M$85.50M$77.87M$51.66M$56.00M$58.60M$46.06M$27.27M$24.77M$20.77M$10.38M$56.07M$67.19M$72.17M
Surprise %------------0.94%0.96%0.97%0.93%1.34%0.96%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
# Analysts2222111463548454434354541377986
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$1.50$3.87$4.53$-0.54$0.81$2.65$2.99$-0.68$0.43$2.22$2.41$-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$1.55$3.99$4.68$-0.52$0.84$2.73$3.09$3.12$0.46$2.29$2.43$-1.02$0.27$1.93$2.79$-0.47$0.97$2.39$1.97$-1.59$0.22$1.42$-0.44$-3.63$-2.90$-2.94$-3.86$-0.95$1.41$2.52
Low Forecast$1.46$3.76$4.41$-0.55$0.79$2.57$2.91$-2.77$0.34$2.16$2.40$-1.08$0.15$1.82$2.63$-0.50$0.91$2.39$1.97$-1.59$0.22$1.30$-0.44$-3.63$-2.90$-2.94$-3.86$-0.95$1.41$2.52
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
SKYWSkyWest$103.33$119.0015.17%Buy
DALDelta Air Lines$60.81$68.0511.91%Buy
ULCCFrontier Group$6.49$6.530.62%Hold
UALUnited Airlines$94.99$89.89-5.37%Buy
ALKAlaska Air Group$63.20$58.80-6.96%Buy
LUVSouthwest Airlines$32.81$30.28-7.71%Hold
JBLUJetBlue Airways$7.30$6.31-13.56%Hold
AALAmerican Airlines Group$16.72$14.44-13.64%Hold
ALGTAllegiant Travel Company$83.73$62.75-25.06%Hold

ALK Forecast FAQ

Is Alaska Air Group a good buy?

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.

What is ALK's price target?

Alaska Air Group (ALK) average price target is $58.8 with a range of $45 to $70, implying a -10.94% from its last price of $66.02. The data is based on 11 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Alaska Air Group stock go up soon?

According to Wall Street analysts' prediction for ALK stock, the company can go down by -10.94% (from the last price of $66.02 to the average price target of $58.8), up by 6.03% based on the highest stock price target, and down by -31.84% based on the lowest stock price target.

Can Alaska Air Group stock reach $100?

ALK's average twelve months analyst stock price target of $58.8 does not support the claim that Alaska Air Group can reach $100 in the near future.

What is Alaska Air Group's current price target trend?

1 Wall Street analyst forecast a $68 price target for Alaska Air Group (ALK) this month, up 3.00% from its last price of $66.02. Compared to the last 3 and 12 months, the average price target decreased by -10.94% and decreased by -15.48%, respectively.

What are Alaska Air Group's analysts' financial forecasts?

Alaska Air Group's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $14.71B (high $15.13B, low $14.37B), average EBITDA is $189.28M (high $194.59M, low $184.83M), average net income is $741.19M (high $1.26B, low $449.91M), average SG&A $446.17M (high $458.7M, low $435.68M), and average EPS is $5.76 (high $9.77, low $3.5). ALK's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $15.73B (high $16.12B, low $15.4B), average EBITDA is $202.3M (high $207.34M, low $198.1M), average net income is $1.2B (high $1.25B, low $1.17B), average SG&A $476.86M (high $488.74M, low $466.97M), and average EPS is $9.36 (high $9.7, low $9.08).

Did the ALK's actual financial results beat the analysts' financial forecasts?

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 $40.15M by 1526.44%. The company's net income was $235M, missing the average estimation of $436.11M by -46.12%. 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, beating the average prediction of $32.53M by 188.98%. Alaska Air Group's net income was $-2M, missing the average estimation of $23.27M by -108.59%. 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%