In a sign of confidence, Raymond James analyst Savanthi Syth has upgraded the price target on United Airlines Holdings, Inc. (NASDAQ: UAL) to $130 from $120, sticking with an Outperform rating. This bullish stance stems from a reassessment of United Airlines' earnings outlook, with stronger revenue trends prompting an update.
The investment firm now leans toward the higher end of the carrier's own future earnings projection of $11.50-$13.50 per share for 2025—if the current positive pricing momentum persists or even strengthens.
Despite Raymond James' optimistic price target update, market sentiment appeared bearish, with United's stock trading ending the day down 4.6%. On a year-to-date basis however, all 3 weeks of it, United Airline's stock price remains firmly green, with 7.93% in gains.
United Airlines Holdings, Inc., with headquarters in Chicago, Illinois, is a major player in the Industrials sector, specifically within the Airlines industry. The company, which was incorporated in 1968, operates through its subsidiaries to provide air transportation services across several continents, including North America, Asia, Europe, and Africa. In addition to passenger transport, United also caters to cargo services and offers ancillary operational services like catering, ground handling, and maintenance to third parties .
With a market capitalisation of approximately $35.51 billion and substantial institutional ownership of about 88.20%, United Airlines is a heavyweight in its sector. The stock's recent performance, characterized by a notable fluctuation in price, underscores the dynamic environment in which the airline operates. Despite today's slip, Raymond James' updated price target reflects what could be a potential upturn, contingent on the continuation of favorable revenue and pricing trends.
Analyst Savanthi Syth's revision of the earnings forecast for United Airlines is indicative of the analyst community's broader sentiment, as evidenced by the average target price of $125.94 and strong buy consensus rating. With 23 analysts offering opinions, the general perspective is one of positive expectations going forward.
United Airlines' adjustment in price target by Raymond James signals a strong conviction in the airline's growth trajectory, especially if current pricing trends maintain their course or strengthen further. As the company prepares for the coming years, investors and analysts alike will be closely monitoring its performance to see if it aligns with these elevated expectations.
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