Raymond James Financial Has Lowered Expectations for Delta Air Lines (NYSE:DAL) Stock Price

Delta Air Lines (NYSE:DAL) had its target price dropped by Raymond James Financial from $80.00 to $76.00 in a research report issued to clients and investors on Tuesday,MarketScreener reports. The firm currently has a “strong-buy” rating on the transportation company’s stock. Raymond James Financial’s target price suggests a potential upside of 11.92% from the stock’s current price.

DAL has been the topic of a number of other reports. Argus set a $80.00 target price on shares of Delta Air Lines in a report on Wednesday, January 14th. Rothschild & Co Redburn lowered their price target on Delta Air Lines from $72.00 to $70.00 and set a “buy” rating on the stock in a report on Thursday, March 5th. Zacks Research cut Delta Air Lines from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 17th. The Goldman Sachs Group upped their price objective on Delta Air Lines from $77.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, January 14th. Finally, Citigroup decreased their price objective on Delta Air Lines from $87.00 to $77.00 and set a “buy” rating for the company in a research report on Friday, March 20th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $78.80.

Delta Air Lines Price Performance

Shares of NYSE DAL opened at $67.91 on Tuesday. The stock has a market cap of $44.35 billion, a P/E ratio of 8.85, a P/E/G ratio of 0.68 and a beta of 1.30. Delta Air Lines has a twelve month low of $34.74 and a twelve month high of $76.39. The stock has a 50 day moving average of $66.57 and a two-hundred day moving average of $64.45. The company has a current ratio of 0.40, a quick ratio of 0.34 and a debt-to-equity ratio of 0.60.

Delta Air Lines (NYSE:DAL) last announced its earnings results on Tuesday, January 13th. The transportation company reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.53 by $0.02. Delta Air Lines had a net margin of 7.90% and a return on equity of 20.96%. The business had revenue of $14.61 billion for the quarter, compared to analyst estimates of $15.80 billion. During the same period last year, the firm posted $1.85 earnings per share. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. Delta Air Lines has set its Q1 2026 guidance at 0.500-0.900 EPS and its FY 2026 guidance at 6.500-7.500 EPS. On average, research analysts forecast that Delta Air Lines will post 7.63 earnings per share for the current year.

Insider Activity

In other Delta Air Lines news, CEO Edward H. Bastian sold 173,230 shares of the business’s stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $71.00, for a total transaction of $12,299,330.00. Following the transaction, the chief executive officer owned 632,823 shares in the company, valued at approximately $44,930,433. The trade was a 21.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Alain Bellemare sold 36,000 shares of the stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $69.21, for a total value of $2,491,560.00. Following the transaction, the executive vice president directly owned 95,731 shares of the company’s stock, valued at approximately $6,625,542.51. This trade represents a 27.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 620,550 shares of company stock valued at $44,127,667 over the last ninety days. 0.88% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of DAL. Federated Hermes Inc. grew its holdings in shares of Delta Air Lines by 7.7% in the 3rd quarter. Federated Hermes Inc. now owns 358,870 shares of the transportation company’s stock worth $20,366,000 after acquiring an additional 25,507 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in Delta Air Lines by 10.5% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 87,344 shares of the transportation company’s stock worth $4,957,000 after purchasing an additional 8,309 shares during the last quarter. Independent Advisor Alliance boosted its position in Delta Air Lines by 41.3% during the third quarter. Independent Advisor Alliance now owns 53,601 shares of the transportation company’s stock worth $3,042,000 after purchasing an additional 15,661 shares in the last quarter. TD Asset Management Inc boosted its position in Delta Air Lines by 14.0% during the third quarter. TD Asset Management Inc now owns 457,796 shares of the transportation company’s stock worth $25,980,000 after purchasing an additional 56,365 shares in the last quarter. Finally, National Pension Service acquired a new stake in Delta Air Lines in the third quarter valued at $1,201,000. Institutional investors and hedge funds own 69.93% of the company’s stock.

Trending Headlines about Delta Air Lines

Here are the key news stories impacting Delta Air Lines this week:

• Positive Sentiment: Delta signed a major deal with Amazon to install Leo satellite internet on hundreds of planes (initial rollout of ~500 jets starting in 2028), which should improve passenger experience, ancillary revenue potential and competitiveness versus Starlink. Delta taps Amazon Leo for in-flight Wi-Fi
• Positive Sentiment: Delta’s SkyMiles was ranked the world’s most valuable airline loyalty program (~$31B), supporting high-margin loyalty economics and long-term cash generation. SkyMiles valuation
• Positive Sentiment: Jefferies raised its price target to $78 (maintained Buy), signaling incremental analyst conviction on upside. Jefferies raises PT
• Positive Sentiment: Coverage and commentary note that Wall Street remains confident in Delta despite elevated oil prices, which supports the stock’s resilience. Wall Street confidence despite oil
• Neutral Sentiment: Bank of America trimmed its PT to $78 from $80 but kept a Buy rating — a modest tweak rather than a negative reassessment. BofA adjusts PT
• Neutral Sentiment: Raymond James lowered its PT to $76 from $80 but retained a Strong‑Buy — another slight PT haircut while keeping a bullish stance. Raymond James adjusts PT
• Neutral Sentiment: Market coverage shows an average analyst view of “Moderate Buy,” indicating consensus support but not unanimous conviction. Analyst consensus
• Neutral Sentiment: Market commentary and intraday data noted the stock moved higher in recent sessions, reflecting these factors and active trading. Zacks market note
• Negative Sentiment: A Zacks earnings preview warns Delta may lack the right mix of revenue and cost beats to outperform in the upcoming report, flagging near-term downside risk around the next earnings print. Earnings preview

Delta Air Lines Company Profile

Delta Air Lines is a major U.S.-based global airline that provides scheduled passenger and cargo air transportation, aircraft maintenance and repair services, and related travel products. Its operations include mainline domestic and international passenger services, a branded regional network operating under the Delta Connection name, dedicated air cargo carriage, and in-house maintenance, repair and overhaul through Delta TechOps. Delta offers a range of cabin products for different customer segments, including premium business-class service on long-haul routes and tiered economy offerings on domestic and international flights, and it markets customer loyalty benefits through the SkyMiles frequent-flyer program.

The carrier operates a mixed fleet of narrow- and wide-body aircraft from multiple U.S.