Alaska Air Group (ALK) Stock Forecast, Price Target & Predictions
ALK Stock Forecast
Alaska Air Group stock forecast is as follows: an average price target of $69.07 (represents a 32.07% upside from ALK’s last price of $52.30) 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 $69.07 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 $45.00. This represents a potential 32.07% upside from ALK's last price of $52.30.
ALK Analyst Ratings
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
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Nov 15, 2024 | Catherine O'Brien | Goldman Sachs | $70.00 | $52.88 | 32.38% | 33.84% |
| Oct 28, 2024 | Conor Cunningham | Melius Research | $56.00 | $47.10 | 18.90% | 7.07% |
| Oct 21, 2024 | Brandon Oglenski | Barclays | $55.00 | $44.94 | 22.39% | 5.16% |
| Oct 09, 2024 | Christopher Stathoulopoulos | Susquehanna | $45.00 | $42.74 | 5.29% | -13.96% |
| Sep 13, 2024 | Thomas Fitzgerald | Cantor Fitzgerald | $52.00 | $39.95 | 30.16% | -0.57% |
| Apr 19, 2024 | Christopher Stathoulopoulos | Susquehanna | $42.00 | $44.44 | -5.49% | -19.69% |
| Apr 18, 2024 | Duane Pfennigwerth | Evercore ISI | $65.00 | $44.44 | 46.26% | 24.28% |
| Mar 19, 2024 | Atul Maheswari | UBS | $54.00 | $37.82 | 42.78% | 3.25% |
| Feb 20, 2024 | Michael Linenberg | Deutsche Bank | $51.00 | $38.92 | 31.04% | -2.49% |
| Dec 13, 2023 | Matthew Sheerin | Stifel Nicolaus | $135.00 | $38.07 | 254.60% | 158.13% |
The latest Alaska Air Group stock forecast, released on Nov 15, 2024 by Catherine O'Brien from Goldman Sachs, set a price target of $70.00, which represents a 32.38% increase from the stock price at the time of the forecast ($52.88), and a 33.84% increase from ALK last price ($52.30).
Alaska Air Group Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 2 | 5 | 10 |
| Avg Price Target | $63.00 | $55.60 | $62.50 |
| Last Closing Price | $52.30 | $52.30 | $52.30 |
| Upside/Downside | 20.46% | 6.31% | 19.50% |
In the current month, the average price target of Alaska Air Group stock is $63.00, according to 2 Wall Street analysts offering twelve months forecast. The average price target represents a 20.46% increase as opposed to Alaska Air Group's last price of $52.30. This month's average price target is up 13.31% compared to last quarter, and up 0.80% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 09, 2024 | Susquehanna | Neutral | Neutral | Hold |
| Sep 13, 2024 | Cowen & Co. | Buy | Buy | Hold |
| May 17, 2024 | Wolfe Research | - | Outperform | Upgrade |
| Apr 19, 2024 | Susquehanna | Neutral | Neutral | Hold |
| Apr 19, 2024 | Bank of America Securities | Buy | Buy | Hold |
| Apr 18, 2024 | Evercore ISI | Outperform | Outperform | Hold |
| Apr 04, 2024 | Cowen & Co. | Buy | Buy | Hold |
| Feb 20, 2024 | Deutsche Bank | - | Buy | Upgrade |
| Dec 13, 2023 | Barclays | Overweight | Overweight | Hold |
| Dec 04, 2023 | Raymond James | Strong Buy | Market Perform | Downgrade |
Alaska Air Group's last stock rating was published by Susquehanna on Oct 09, 2024. The company gave ALK a "Neutral" rating, the same as its previous rate.
Alaska Air Group Financial Forecast
Alaska Air Group Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 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 | $3.80B | $4.22B | $4.15B | $3.32B | $3.63B | $4.02B | $3.87B | $3.13B | $3.23B | $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 | $3.83B | $4.25B | $4.19B | $3.35B | $3.67B | $4.05B | $3.90B | $3.16B | $3.24B | $3.05B | $2.93B | $2.18B | $2.54B | $2.90B | $2.79B | $2.21B | $2.53B | $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 | $3.77B | $4.18B | $4.11B | $3.29B | $3.60B | $3.99B | $3.83B | $3.10B | $3.21B | $2.96B | $2.92B | $2.18B | $2.52B | $2.85B | $2.74B | $2.18B | $2.49B | $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 |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 5 | 4 | 5 | 4 | 8 | 4 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 4 | 5 | 4 | 13 | 7 | 7 | 9 | 8 | 6 |
| 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 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 5 | 4 | 5 | 4 | 8 | 4 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 4 | 5 | 4 | 13 | 7 | 7 | 9 | 8 | 6 |
| 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 | $48.86M | $54.26M | $53.38M | $42.69M | $46.75M | $51.71M | $49.74M | $40.26M | $41.53M | $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 | $49.28M | $54.73M | $53.85M | $43.06M | $47.16M | $52.16M | $50.18M | $40.62M | $41.65M | $39.21M | $37.71M | $-57.12M | $32.66M | $37.27M | $35.90M | $-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 | $48.44M | $53.79M | $52.93M | $42.32M | $46.35M | $51.27M | $49.32M | $39.92M | $41.29M | $38.10M | $37.60M | $-85.68M | $32.40M | $36.63M | $35.28M | $-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 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 5 | 4 | 5 | 4 | 8 | 4 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 4 | 5 | 4 | 13 | 7 | 7 | 9 | 8 | 6 |
| 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 | $154.31M | $322.76M | $470.64M | $-78.44M | $102.41M | $314.42M | $360.20M | $-98.92M | $62.31M | $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 | $156.07M | $326.45M | $476.01M | $-77.57M | $103.58M | $318.01M | $364.31M | $74.19M | $123.29M | $288.50M | $312.53M | $-154.11M | $34.23M | $242.61M | $352.07M | $-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 | $152.60M | $319.19M | $465.43M | $-79.33M | $101.28M | $310.94M | $356.21M | $-272.04M | $45.07M | $282.09M | $308.29M | $-231.17M | $19.17M | $237.22M | $344.24M | $-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 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 5 | 4 | 5 | 4 | 8 | 4 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 4 | 5 | 4 | 13 | 7 | 7 | 9 | 8 | 6 |
| 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 | $115.16M | $127.90M | $125.83M | $100.63M | $110.21M | $121.88M | $117.25M | $94.91M | $97.90M | $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 | $116.18M | $129.02M | $126.93M | $101.51M | $111.17M | $122.95M | $118.28M | $95.74M | $98.19M | $92.43M | $88.90M | $93.76M | $76.98M | $87.85M | $84.62M | $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 | $114.18M | $126.81M | $124.76M | $99.77M | $109.27M | $120.85M | $116.25M | $94.10M | $97.33M | $89.80M | $88.64M | $62.51M | $76.38M | $86.35M | $83.17M | $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 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 5 | 4 | 5 | 4 | 8 | 4 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 4 | 5 | 4 | 13 | 7 | 7 | 9 | 8 | 6 |
| 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 | $1.20 | $2.51 | $3.66 | $-0.61 | $0.80 | $2.45 | $2.80 | $-0.77 | $0.48 | $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 | $1.21 | $2.54 | $3.70 | $-0.60 | $0.81 | $2.47 | $2.83 | $0.58 | $0.96 | $2.24 | $2.43 | $-1.04 | $0.27 | $1.89 | $2.74 | $-0.48 | $0.95 | $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 | $1.19 | $2.48 | $3.62 | $-0.62 | $0.79 | $2.42 | $2.77 | $-2.12 | $0.35 | $2.19 | $2.40 | $-1.06 | $0.15 | $1.84 | $2.68 | $-0.49 | $0.93 | $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
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| SAVE | Spirit Airlines | $1.08 | $17.48 | 1518.52% | Buy |
| ULCC | Frontier Group | $5.55 | $10.96 | 97.48% | Hold |
| JBLU | JetBlue Airways | $6.15 | $9.25 | 50.41% | Hold |
| LUV | Southwest Airlines | $31.79 | $42.36 | 33.25% | Hold |
| ALK | Alaska Air Group | $52.30 | $69.07 | 32.07% | Buy |
| AAL | American Airlines Group | $14.20 | $18.65 | 31.34% | Hold |
| ALGT | Allegiant Travel Company | $75.17 | $95.89 | 27.56% | Hold |
| DAL | Delta Air Lines | $63.34 | $59.42 | -6.19% | Buy |
| UAL | United Airlines | $94.40 | $74.06 | -21.55% | Buy |
| SKYW | SkyWest | $109.56 | $80.50 | -26.52% | Buy |