Alaska Air Group (NYSE:ALK) Stock Gets Price Target Trim from Susquehanna

Posted by Brenda Bartman on Oct 22nd, 2026

Alaska Air Group (NYSE:ALK – Get Free Report) had its price objective reduced by equities researchers at Susquehanna from $50.00 to $43.00 in a report released on Thursday, Benzinga reports. The firm presently has a “positive” rating on the transportation company’s stock. Susquehanna’s target price suggests a potential upside of 28.14% from the company’s previous close.

Other research analysts have also issued research reports about the stock. Weiss Ratings lowered shares of Alaska Air Group from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, August 18th. The Goldman Sachs Group restated a “buy” rating and issued a $69.00 price target (up from $58.00) on shares of Alaska Air Group in a research report on Thursday, July 2nd. BMO Capital Markets set a $50.00 price objective on shares of Alaska Air Group and gave the company an “outperform” rating in a research note on Monday, September 28th. Wall Street Zen lowered shares of Alaska Air Group from a “sell” rating to a “strong sell” rating in a research note on Monday, October 5th. Finally, TD Cowen decreased their price objective on shares of Alaska Air Group from $46.00 to $44.00 and set a “buy” rating for the company in a research report on Friday, October 2nd. Ten research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $56.85.

Read Our Latest Research Report on Alaska Air Group

Alaska Air Group Price Performance

Shares of ALK opened at $33.56 on Thursday. Alaska Air Group has a 1 year low of $33.03 and a 1 year high of $60.63. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.55 and a quick ratio of 0.51. The company has a market capitalization of $3.74 billion, a price-to-earnings ratio of -9.56 and a beta of 1.33. The business has a 50-day moving average of $40.23 and a 200-day moving average of $43.20.

Alaska Air Group (NYSE:ALK – Get Free Report) last posted its quarterly earnings data on Tuesday, October 20th. The transportation company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.03). Alaska Air Group had a negative return on equity of 5.31% and a negative net margin of 2.58%. The company had revenue of $4.31 billion during the quarter, compared to analyst estimates of $4.31 billion. During the same period in the prior year, the firm earned $1.05 earnings per share. Alaska Air Group’s revenue was up 14.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Alaska Air Group will post -3.26 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Benito Minicucci purchased 25,000 shares of the business’s stock in a transaction on Thursday, August 20th. The shares were acquired at an average price of $40.06 per share, for a total transaction of $1,001,500.00. Following the completion of the acquisition, the chief executive officer owned 256,582 shares in the company, valued at approximately $10,278,674.92. The trade was a 10.80% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Andrew Harrison sold 5,300 shares of the stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $49.67, for a total value of $263,251.00. Following the completion of the transaction, the executive vice president owned 25,528 shares in the company, valued at approximately $1,267,975.76. The trade was a 17.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Alaska Air Group

A number of institutional investors have recently modified their holdings of ALK. Compound Global Advisors LLC acquired a new position in shares of Alaska Air Group during the second quarter worth approximately $39,000. Fortitude Family Office LLC lifted its holdings in shares of Alaska Air Group by 323.5% in the 3rd quarter. Fortitude Family Office LLC now owns 775 shares of the transportation company’s stock worth $30,000 after purchasing an additional 592 shares in the last quarter. Cedar Mountain Advisors LLC grew its position in Alaska Air Group by 963.3% in the 2nd quarter. Cedar Mountain Advisors LLC now owns 840 shares of the transportation company’s stock valued at $44,000 after purchasing an additional 761 shares during the period. Mosley Wealth Management grew its position in Alaska Air Group by 1,475.0% in the 3rd quarter. Mosley Wealth Management now owns 945 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 885 shares during the period. Finally, Root Financial Partners LLC acquired a new stake in Alaska Air Group in the 3rd quarter valued at $48,000. 81.90% of the stock is owned by institutional investors and hedge funds.

Key Alaska Air Group News

Here are the key news stories impacting Alaska Air Group this week:

Positive Sentiment: Alaska Air reported third-quarter revenue of approximately $4.31 billion, up 14.4% year over year. Adjusted EPS of $0.36 exceeded the Zacks consensus estimate of $0.35, supported by strong yields and higher premium demand. Alaska Air Group Q3 Earnings Top Estimates
Positive Sentiment: The airline continues to diversify beyond its traditional passenger business. Diversified revenue reached 54% of the mix, premium traffic increased 24.5% year over year, and Alaska highlighted planned international expansion, including new Seattle service to Osaka and Papeete. Alaska Air: 3 Key Takeaways for Long-Term Investors
Neutral Sentiment: Analysts’ average price target is reported at $57.38, well above the current trading level, but price targets may not reflect the company’s worsening near-term earnings outlook. Alaska Air Group Analyst Price Target
Negative Sentiment: Alaska reported a GAAP third-quarter loss of $1.32 per share, or $147 million, compared with $1.05 of EPS a year earlier. Although adjusted EPS was positive, it was below some analyst estimates of $0.39, underscoring margin pressure. Alaska Air Group Reports Third-Quarter Results
Negative Sentiment: Higher-than-expected fuel expenses more than offset revenue growth. Management now expects a fourth-quarter adjusted loss of $2.00 to $2.50 per share, versus consensus for a loss of $1.14, making the guidance cut the clearest reason for the stock’s decline. Alaska Air Forecasts Larger Fourth-Quarter Loss

About Alaska Air Group

(Get Free Report)

Alaska Air Group, Inc is an airline holding company headquartered in Seattle, Washington. Its principal subsidiaries include Alaska Airlines and Hawaiian Airlines, which operate under separate brands while serving passengers throughout North America, the Pacific and other international markets.

Alaska Airlines provides scheduled passenger and air cargo services across the United States, Canada, Mexico, Costa Rica and the Bahamas, with a strong presence on the U.S. West Coast and in Alaska.