Bank of America Forecasts Strong Price Appreciation for Alaska Air Group (NYSE:ALK) Stock

Posted by George Bondi on Jul 1st, 2026

Alaska Air Group (NYSE:ALK – Get Free Report) had its price target boosted by research analysts at Bank of America from $60.00 to $65.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the transportation company’s stock. Bank of America‘s price target indicates a potential upside of 22.73% from the company’s previous close.

Several other brokerages also recently issued reports on ALK. Citigroup reissued a “sell” rating and set a $47.00 price target (up from $32.00) on shares of Alaska Air Group in a report on Friday. Evercore set a $60.00 price objective on shares of Alaska Air Group in a research report on Friday, April 17th. Weiss Ratings lowered shares of Alaska Air Group from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, June 1st. Susquehanna decreased their target price on shares of Alaska Air Group from $55.00 to $50.00 and set a “positive” rating for the company in a research report on Wednesday, April 22nd. Finally, Morgan Stanley dropped their price target on shares of Alaska Air Group from $80.00 to $78.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 22nd. Eleven investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $64.00.

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Alaska Air Group Stock Performance

Shares of NYSE ALK traded up $0.76 during mid-day trading on Wednesday, hitting $52.96. The company had a trading volume of 404,231 shares, compared to its average volume of 4,005,686. Alaska Air Group has a 12 month low of $33.03 and a 12 month high of $65.88. The stock has a market cap of $5.90 billion, a price-to-earnings ratio of 99.93 and a beta of 1.29. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.43 and a quick ratio of 0.39. The firm’s 50 day simple moving average is $43.65 and its two-hundred day simple moving average is $46.26.

Alaska Air Group (NYSE:ALK – Get Free Report) last issued its quarterly earnings data on Monday, April 20th. The transportation company reported ($1.68) EPS for the quarter, missing analysts’ consensus estimates of ($1.61) by ($0.07). Alaska Air Group had a return on equity of 4.96% and a net margin of 0.51%.The company had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.31 billion. During the same quarter in the previous year, the company earned ($0.77) earnings per share. Alaska Air Group’s quarterly revenue was up 5.2% compared to the same quarter last year. Alaska Air Group has set its Q2 2026 guidance at -1.000–1.000 EPS. As a group, equities research analysts forecast that Alaska Air Group will post -0.7 earnings per share for the current year.

Institutional Investors Weigh In On Alaska Air Group

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Capital Research Global Investors lifted its holdings in Alaska Air Group by 86.8% in the fourth 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. increased its stake in 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 valued at $62,166,000 after buying an additional 1,229,647 shares during the period. Jain Global LLC bought a new stake in shares of Alaska Air Group during the 4th quarter worth about $53,683,000. BNP Paribas Financial Markets raised its position in shares of Alaska Air Group by 1,563.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,092,368 shares of the transportation company’s stock worth $54,378,000 after buying an additional 1,026,710 shares in the last quarter. Finally, Balyasny Asset Management L.P. acquired a new stake in shares of Alaska Air Group in the 3rd quarter worth approximately $48,583,000. 81.90% of the stock is currently owned by institutional investors.

Alaska Air Group Company Profile

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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.