TD Cowen Cuts Delta Air Lines (NYSE:DAL) Price Target to $71.00

Key Points

• TD Cowen cut its price target on Delta from $82 to $71, a level the firm says implies roughly a 27.7% upside from the stock's current price.
• Delta reported a slight EPS beat ($1.55 vs. $1.53) but missed on revenue ($14.61B vs. $15.80B), the stock traded down about 5.8% to $55.61, and management set Q1 2026 guidance of $0.50–0.90 and FY 2026 guidance of $6.50–7.50.
• Company insiders sold a total of 620,550 shares worth about $44.13M over the last quarter, leaving insiders with roughly 0.88% ownership.

Delta Air Lines (NYSE:DAL - Get Free Report) had its price objective decreased by research analysts at TD Cowen from $82.00 to $71.00 in a research report issued to clients and investors on Monday,MarketScreener reports. TD Cowen's price target indicates a potential upside of 27.67% from the stock's current price.

A number of other brokerages have also commented on DAL. Wolfe Research raised their price objective on Delta Air Lines from $70.00 to $83.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 14th. The Goldman Sachs Group upped their target price on Delta Air Lines from $77.00 to $80.00 and gave the company a "buy" rating in a report on Wednesday, January 14th. Wall Street Zen lowered shares of Delta Air Lines from a "buy" rating to a "hold" rating in a research report on Friday, November 28th. Barclays raised their price target on shares of Delta Air Lines from $65.00 to $85.00 and gave the stock an "overweight" rating in a report on Monday, January 12th. Finally, BMO Capital Markets reiterated an "outperform" rating on shares of Delta Air Lines in a research note on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $79.93.

Delta Air Lines Trading Down 5.8%

NYSE DAL traded down $3.40 on Monday, hitting $55.61. 4,405,848 shares of the stock were exchanged, compared to its average volume of 9,023,554. The company's 50-day moving average price is $68.99 and its two-hundred day moving average price is $64.16. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.40 and a quick ratio of 0.34. Delta Air Lines has a 52-week low of $34.74 and a 52-week high of $76.39. The company has a market capitalization of $36.32 billion, a price-to-earnings ratio of 7.25, a P/E/G ratio of 0.57 and a beta of 1.34.

Delta Air Lines (NYSE:DAL - Get Free Report) last released its earnings results on Tuesday, January 13th. The transportation company reported $1.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.53 by $0.02. Delta Air Lines had a return on equity of 20.96% and a net margin of 7.90%.The company had revenue of $14.61 billion during the quarter, compared to analyst estimates of $15.80 billion. During the same quarter in the prior year, the company earned $1.85 earnings per share. The company's revenue for the quarter was up 2.9% on a year-over-year basis. 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. Research analysts predict that Delta Air Lines will post 7.63 EPS for the current year.

Insider Activity at Delta Air Lines

In other news, EVP Erik Storey Snell sold 39,420 shares of the firm's stock in a transaction on Friday, January 16th. The shares were sold at an average price of $71.02, for a total transaction of $2,799,608.40. Following the transaction, the executive vice president owned 35,625 shares in the company, valued at approximately $2,530,087.50. This trade represents a 52.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Steven M. Sear sold 38,600 shares of Delta Air Lines stock in a transaction on Monday, February 9th. The shares were sold at an average price of $75.05, for a total transaction of $2,896,930.00. Following the completion of the sale, the executive vice president directly owned 104,404 shares of the company's stock, valued at approximately $7,835,520.20. The trade was a 26.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 620,550 shares of company stock worth $44,127,667 over the last quarter. 0.88% of the stock is currently owned by corporate insiders.

Institutional Trading of Delta Air Lines

Several large investors have recently made changes to their positions in the stock. Worthington Financial Partners LLC acquired a new position in shares of Delta Air Lines during the 4th quarter valued at about $666,000. Pure Financial Advisors LLC lifted its holdings in Delta Air Lines by 11.3% in the 4th quarter. Pure Financial Advisors LLC now owns 6,947 shares of the transportation company's stock worth $482,000 after purchasing an additional 704 shares during the last quarter. SHP Wealth Management acquired a new stake in Delta Air Lines in the 4th quarter worth approximately $141,000. Reflection Asset Management bought a new stake in Delta Air Lines during the fourth quarter worth approximately $44,000. Finally, MidFirst Bank bought a new stake in Delta Air Lines during the fourth quarter worth approximately $330,000. Institutional investors own 69.93% of the company's stock.

About Delta Air Lines

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.

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