Delta(DAL)

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Here's Why Delta Air Lines (DAL) is a Strong Value Stock
zacks.com· 2024-05-28 14:41
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.Zacks Premium also includes the Zacks Style Scores.What are the Zacks Style Scores?The Zacks Styl ...
These 2 Stocks Are Outperforming the S&P 500, and Wall Street Thinks They Can Climb Even Higher
fool.com· 2024-05-28 13:38
Can this airline and silver stock continue to beat the market as analysts expect them to?Rising 11% so far, the S&P 500 index is off to a high-flying start to 2024.But some stocks have flown even higher. Delta Air Lines (DAL -0.91%) and Hecla Mining (HL 5.59%) have raced 27% and 21% higher, respectively, and analysts think there's room for these stocks to run even higher. Let's see what two Motley Fool contributors think about the analysts' perspectives and whether they agree that the stocks can continue to ...
3 Long-Term Stocks to Buy on the Dip: May 2024
investorplace.com· 2024-05-26 13:20
Economic Overview - The U.S. economy is demonstrating resilience with recent data indicating growth, including a 25-month high in the S&P Global composite PMI for May [1] - Chief economist Chris Williamson suggests a solid GDP gain for Q2, despite challenges like rising input prices and potential inflationary pressures [1] Okta (OKTA) - Okta, a cybersecurity company, is currently trading at $97.16, having increased 10.28% over the past year but is down 66.7% from its all-time high [2] - The global Identity and Access Management (IAM) market is projected to grow from $12.56 billion in 2022 to $27.88 billion by 2028, with a CAGR of 14.21%, positioning Okta to benefit from this growth [2] - In Q4 2024, Okta reported a 19% YOY revenue increase to $605 million and a net income of $113 million, up 117% YOY, with a cash position of $2.202 billion [3] - Okta's acquisition of Spera aims to enhance its threat detection and security capabilities, reinforcing its market position [3] SoFi Technologies (SOFI) - SoFi Technologies is currently trading at a discount, down 28.29% YTD, but analysts project a 12-month price target of $9.00, indicating a potential 28.21% increase [5] - The global consumer finance market is expected to reach $1.65 trillion by 2030, growing at a CAGR of 7.21%, driven by increased digital platform usage [5] - In Q1 2024, SoFi's revenue rose 37% YOY to $645 million, with net income at $88 million and EBITDA increasing 91% YOY to $144 million, surpassing expectations [6] - SoFi's diversified revenue streams from lending, financial services, and tech platforms are crucial for its profitability during economic downturns [6] Delta Air Lines (DAL) - Delta Air Lines was recognized as the top operating airline for the 13th consecutive year in the Business Travel News Airline Survey, noted for its customer service and expansive network [7] - The global airlines market was valued at $553.9 billion in 2022 and is projected to reach $735 billion by 2030, growing at a CAGR of 3.6% [7] - In Q1 2024, Delta reported $13.75 billion in revenue, a 7.75% YOY increase, with net income and diluted EPS rising over 110% YOY [8] - Delta's earnings forecast for Q2 exceeds expectations, driven by increased global travel demand, making it a strong candidate for long-term investment [8]
Delta Air Lines Stock Outlook: Expect DAL to Keep Flying High Through the Summer
investorplace.com· 2024-05-23 12:36
After last year’s turbulence, many airline stocks are soaring once again. Delta Air Lines (NYSE:DAL) is one of them. Since the start of the year, Delta Air Lines stock has climbed steadily higher, surging by a total of 31.72%.While you may regret not getting back into the legacy carrier’s shares before this rally, not to worry. There’s still time to catch this flight. At least, based on key takeaways from Delta’s latest earnings release, as well as more recent promising news regarding air travel demand,Cons ...
Is Delta Stock a Buy Right Now?
fool.com· 2024-05-23 09:10
Delta Air Lines' financial performance has taken off.Delta Air Lines (DAL -1.24%) recently closed the books on a record-setting quarter. The quarter follows a successful 2023 that marked a full return to normal operations following the impacts of the COVID-19 pandemic. Like many consumer-facing businesses, Delta was forced to borrow money to stay in business thanks to pandemic- and shutdown-related pressures. Persistent inflation and economic uncertainty throughout 2022 kept the brakes on Delta's recovery, ...
Delta: Better Travel Outlook, Better Stock (Rating Upgrade)
seekingalpha.com· 2024-05-20 05:19
Sundry Photography Investment Thesis In December, I rated Delta Air Lines (NYSE:DAL) as a hold because of my concerns about their potential pension issues and a perceived downward trend in demand for air travel. At that time, I was worried Delta Air Lines pension fund was too highly exposed to private fund investments and the unfavorable market conditions for private equity was a risk factor that we could not ignore. Together with what looked like an impending softening of domestic travel, I rated the stock ...
Delta Air Lines: Flying Much Higher
seekingalpha.com· 2024-05-19 14:00
Sundry Photography Over the last week, Delta Air Lines (NYSE:DAL) made a notable move to the post-Covid highs back above $50. While the airlines were nearly left for dead during Covid economic shutdowns, Delta Air Lines quickly returned to generating strong profits and cash flows. My investment thesis remains ultra-Bullish on the airline stock, still trading at a massive discount to industrial transport peers due to irrational fears. Source: Finviz Profit Machine Again Most airline investors still view the ...
Delta Air Lines (DAL) Exceeds Market Returns: Some Facts to Consider
zacks.com· 2024-05-17 22:46
Delta Air Lines (DAL) closed the latest trading day at $52.70, indicating a +0.36% change from the previous session's end. The stock's performance was ahead of the S&P 500's daily gain of 0.12%. Meanwhile, the Dow experienced a rise of 0.34%, and the technology-dominated Nasdaq saw a decrease of 0.07%.Shares of the airline have appreciated by 9.74% over the course of the past month, outperforming the Transportation sector's gain of 2.42% and the S&P 500's gain of 4.99%.The investment community will be close ...
Wall Street Favorites: 3 Long-Term Stocks With Strong Buy Ratings for May 2024
InvestorPlace· 2024-05-15 20:22
Certain companies and their stocks are well-regarded on Wall Street. Strong management teams, solid execution and growing profits and sales often lead to a stock being given the highest rating among analysts. This is typically a strong buy rating or its equivalent. It is reserved for best-in-class stocks that are outpacing their peers and that have reliable future growth prospects. These companies are typically considered good long-term stocks to buy.While analyst ratings are not foolproof, they provide inv ...
1 Wall Street Analyst Thinks Delta Air Lines Stock Is Going to $72.80. Is It a Buy Around $53?
The Motley Fool· 2024-05-15 19:27
The analyst thinks the airline has powerful advantages that place it above rivals.In its most recent quarterly earnings call, Delta Air Lines (DAL 0.12%) management expressed optimism for this coming summer travel season. Management is even speculating that Delta will set new records.One analyst tracking Delta stock believes this optimism is entirely justified thanks to the carrier's organizational structure and its approach to the market. His current view of the shares is that they stand to appreciate by n ...