Delta Air Lines Stock Soars Over 50% In Under 6 Months - Can It Fly Higher?
Portfolio Pulse from Surbhi Jain
Delta Air Lines, Inc. (NYSE:DAL) stock has soared over 50% in under 6 months, currently trading around $48, up from $30 at the end of October 2023. The company reported better-than-expected Q1 earnings, with a 25% earnings surprise and a 9.39% revenue surprise. Technical analysis shows a strong bullish trend, but the RSI nears overbought territory, indicating caution. Analysts from Susquehanna, BofA Securities, and Morgan Stanley see a potential upside of 32.64%, with a collective average price target of $64. Delta is the top holding of the U.S. Global Jets ETF (NYSE:JETS), comprising 11.86% of its portfolio, which is up about 8% YTD.
April 10, 2024 | 4:03 pm
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POSITIVE IMPACT
Delta Air Lines reported better-than-expected Q1 earnings, with the stock soaring over 50% in under 6 months. Analysts predict a further 32.64% upside.
The significant earnings beat and positive analyst ratings indicate strong investor confidence and potential for further stock price appreciation.
CONFIDENCE 90
IMPORTANCE 95
RELEVANCE 100
POSITIVE IMPACT
U.S. Global Jets ETF, with Delta as its top holding, is up about 8% YTD, driven primarily by Delta's stock performance.
Delta's strong performance significantly impacts JETS, as it is the top holding. The ETF's performance is closely tied to Delta's success.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80