These Analysts Boost Their Forecasts On United Airlines Following Strong Q3 Earnings
Portfolio Pulse from Avi Kapoor
United Airlines (NASDAQ:UAL) reported strong Q3 earnings, surpassing revenue and earnings estimates, and announced a $1.5 billion buyback program. Analysts have raised their price targets for UAL, reflecting positive sentiment. However, UAL's Q4 earnings guidance is below estimates.
October 17, 2024 | 5:24 pm
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United Airlines reported better-than-expected Q3 earnings and announced a $1.5 billion buyback program. Analysts have raised their price targets, indicating positive sentiment. However, Q4 earnings guidance is below estimates.
UAL's strong Q3 performance and buyback program are positive indicators, leading to raised price targets by analysts. However, the lower-than-expected Q4 guidance tempers the outlook slightly. Overall, the news is likely to have a positive short-term impact on UAL's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100