Alaska Air Group (NYSE:ALK – Free Report) had its target price reduced by The Goldman Sachs Group from $68.00 to $61.00 in a report published on Wednesday,Benzinga reports. The Goldman Sachs Group currently has a buy rating on the transportation company’s stock.
Other research analysts have also issued research reports about the company. UBS Group cut their price target on Alaska Air Group from $60.00 to $53.00 and set a “buy” rating on the stock in a research report on Monday, March 23rd. Citigroup reduced their price target on shares of Alaska Air Group from $69.00 to $51.00 and set a “buy” rating for the company in a research report on Friday, March 20th. Barclays reissued an “overweight” rating and set a $70.00 price objective (up from $60.00) on shares of Alaska Air Group in a research report on Monday, January 12th. BMO Capital Markets started coverage on shares of Alaska Air Group in a research note on Tuesday, March 24th. They issued an “outperform” rating and a $50.00 price objective on the stock. Finally, Weiss Ratings raised shares of Alaska Air Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, March 9th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Alaska Air Group currently has an average rating of “Moderate Buy” and an average target price of $63.67.
View Our Latest Analysis on ALK
Alaska Air Group Stock Performance
Alaska Air Group (NYSE:ALK – Get Free Report) last posted its earnings results on Thursday, January 22nd. The transportation company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.32. The business had revenue of $3.63 billion for the quarter, compared to analysts’ expectations of $3.64 billion. Alaska Air Group had a return on equity of 7.22% and a net margin of 0.70%.The business’s revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.97 earnings per share. Alaska Air Group has set its Q1 2026 guidance at -1.500–0.500 EPS and its FY 2026 guidance at 3.500-6.500 EPS. As a group, analysts expect that Alaska Air Group will post 6.03 earnings per share for the current year.
Insider Activity at Alaska Air Group
In other Alaska Air Group news, EVP Kyle B. Levine sold 2,945 shares of the business’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $60.02, for a total value of $176,758.90. Following the transaction, the executive vice president directly owned 20,977 shares of the company’s stock, valued at approximately $1,259,039.54. The trade was a 12.31% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Shane R. Tackett sold 24,000 shares of the company’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $57.15, for a total transaction of $1,371,600.00. Following the transaction, the chief financial officer owned 43,377 shares of the company’s stock, valued at approximately $2,478,995.55. The trade was a 35.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 56,945 shares of company stock worth $3,204,569 in the last three months. Insiders own 1.00% of the company’s stock.
Institutional Investors Weigh In On Alaska Air Group
A number of hedge funds have recently added to or reduced their stakes in ALK. Capital Research Global Investors increased its position in Alaska Air Group by 86.8% during the 4th quarter. Capital Research Global Investors now owns 3,175,350 shares of the transportation company’s stock worth $159,720,000 after purchasing an additional 1,475,350 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in shares of Alaska Air Group by 19,661.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,235,901 shares of the transportation company’s stock worth $62,166,000 after buying an additional 1,229,647 shares in the last quarter. Jain Global LLC acquired a new stake in shares of Alaska Air Group in the 4th quarter valued at approximately $53,683,000. BNP Paribas Financial Markets lifted its holdings in shares of Alaska Air Group by 1,563.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,092,368 shares of the transportation company’s stock valued at $54,378,000 after buying an additional 1,026,710 shares during the period. Finally, Balyasny Asset Management L.P. purchased a new stake in shares of Alaska Air Group in the third quarter valued at approximately $48,583,000. Institutional investors and hedge funds own 81.90% of the company’s stock.
Key Stories Impacting Alaska Air Group
Here are the key news stories impacting Alaska Air Group this week:
- Positive Sentiment: Alaska unveiled a new international Business Class with private lie‑flat suites, upgraded dining and lounge access as it launches long‑haul service to Europe and Asia — a product that should help drive higher-yield international revenue and support the company’s push to be a global West Coast carrier. Alaska Airlines unveils its first-ever International Business Class Suites experience
- Positive Sentiment: Coverage in consumer/business press highlights the premium product rollout on Boeing 787‑9 Dreamliners this spring, reinforcing market awareness of the new international offering and its potential to attract higher‑fare customers. Alaska Airlines unveils lie-flat suites, upgraded perks
- Neutral Sentiment: Goldman Sachs cut its price target to $61 from $68 but kept a “buy” rating — the lower PT trims upside but the maintained buy call signals continued confidence in medium‑term fundamentals. Goldman Sachs lowers price target on ALK
- Neutral Sentiment: Bank of America lowered its target to $60 from $70 but also kept a “buy” rating, another analyst cut that reduces headline upside while keeping institutional support intact. BOFA adjusts price target on Alaska Air Group
- Neutral Sentiment: The company announced a webcast for its Q1 2026 results — an event that can trigger intra‑day volatility but is routine; investors will watch guidance and fuel-cost commentary. Alaska Air Group announces webcast of first quarter 2026 financial results
- Negative Sentiment: Analysts and commentary flagged weaker near‑term outlook driven by rising jet fuel costs and operational disruptions; Alaska trimmed its Q1 outlook citing higher fuel and demand impacts, which pressures near‑term earnings. ALK Issues Bearish Q1 View on High Fuel Costs & Operational Issues
- Negative Sentiment: Some analysts pushed downgrades tied to higher oil and macro risk, signaling increased downside if fuel prices or demand weaken further. That commentary amplifies downside risk ahead of the earnings webcast. Alaska Air Group: Double Downgrade On Oil Price And Macro Risk
About Alaska Air Group
Alaska Air Group is a publicly traded holding company headquartered in Seattle, Washington, that operates two main airlines—Alaska Airlines and Horizon Air. Through these carriers, the company offers scheduled passenger and cargo services across a network spanning the United States, Canada and Mexico. Its core business activities include domestic and international air transportation, loyalty program management under the Mileage Plan brand, and ancillary revenue streams such as baggage fees, in-flight sales and code-share partnerships with other global airlines.
The roots of Alaska Air Group trace back to the foundation of its flagship carrier, Alaska Airlines, in 1932.
Further Reading
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