J.P. Morgan analyst Jamie Baker maintains $United Airlines (UAL.US)$ with a buy rating, and adjusts the target price from $108 to $133.
According to TipRanks data, the analyst has a success rate of 52.6% and a total average return of 3.4% 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 optimistic stance on United Airlines continues, with revised projections ahead of their January 21 financial disclosures which now incorporate lower anticipated fuel costs for 2025/2026. This adjustment follows a previous conservative estimate on fuel expenses. United Airlines remains a preferred legacy airline in this analysis due to its strategic approach and market positioning.
Expectations are elevated as the reporting season approaches, with a strong likelihood that airlines will disclose robust Q4 results, potentially reaching or surpassing the higher end of their mid-quarter forecasts. Analysts anticipate that airlines which exceed the consensus on Revenue per Available Seat Mile (RASM) will gain favor this season, as this surpasses expectations and bolsters confidence in reaching forecasts for 2025. However, there is minimal tolerance for any underperformance during this period.
The recovery of demand in the aviation industry post-election was surprisingly quick and robust compared to initial projections. This surge, particularly during the tightly packed period between Thanksgiving and the peak holiday season, could be attributed to increased late-year corporate travel activities, contributing to better-than-expected outcomes.
Note:
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