Goldman Sachs analyst Catherine O'Brien upgrades $United Airlines (UAL.US)$ to a buy rating, and adjusts the target price from $53 to $119.
According to TipRanks data, the analyst has a success rate of 45.6% and a total average return of -6.0% over the past year.
Furthermore, according to the comprehensive report, the opinions of $United Airlines (UAL.US)$'s main analysts recently are as follows:
The expectation is that United Airlines will approach its pre-pandemic margin levels by the end of 2024, which would represent the swiftest recovery among its mainline airline peers. The company's potential for growth against the backdrop of rising revenues, especially compared to competitors facing more constraints, is favorable. Additionally, its advantageous position in markets with increasing premium demand and the withdrawal of competitors from important cities is seen as a positive indicator.
Expectations are set for airline fundamentals to take a sharp positive turn in 2025, which may lead to a more favorable market perception for leading companies within the industry, such as Delta, United, and Alaska. This anticipated improvement, along with a shift in investor sentiment, could spearhead a robust rally in airline stocks as the next year approaches. The prognostication is that the current industry leaders will continue to dominate, with airlines poised to reap significant benefits as capacity expansion slows, competition among low-cost carriers undergoes changes, and the leading companies further solidify their competitive advantages.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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