TLDR
- DAL hit an all-time high of $95.14, up roughly 82.97% over the past year
- Q2 earnings are due July 10; Wall Street expects EPS of $1.53 and revenue of $17.49 billion
- Goldman Sachs raised its price target to $116; TD Cowen raised to $106 — both maintain Buy ratings
- Delta raised its quarterly dividend by 15% to $0.2150 per share
- DAL holds a Strong Buy consensus on TipRanks with a consensus price target of $99.07
Delta Air Lines (DAL) stock reached an all-time high of $95.14 on July 2, 2026, up around 83% over the past year. The stock is also up nearly 35% year-to-date.
The milestone comes just over a week before the airline reports its Q2 2026 earnings on July 10.
Wall Street is expecting EPS of $1.53 for the quarter, down from $2.10 in Q2 2025. Revenue is forecast at $17.49 billion, up from $16.64 billion in the same period last year.
Delta has a strong track record of beating earnings estimates, which is adding to investor interest ahead of the report.
Options traders are pricing in a 7.38% move in either direction following the earnings release, according to the TipRanks Options Tool.
Analysts Raise Price Targets
Goldman Sachs analyst Catherine O’Brien raised her price target on DAL to $116 from $80, keeping a Buy rating. She cited stronger revenue trends and lower fuel prices as key drivers.
TD Cowen’s Thomas Fitzgerald, a five-star TipRanks-rated analyst, raised his target to $106 from $92, also maintaining a Buy. He described himself as “broadly constructive” on airline stocks.
Both analysts flagged that demand has held up well despite fare increases that began in March to offset higher fuel costs tied to the Iran conflict.
Bernstein SocGen also raised its target to $93, expecting Delta to beat Q2 estimates by 2% or more.
Dividend Hike and Q1 Results
Delta raised its quarterly dividend by 15% to $0.2150 per share, signaling confidence in its financial footing.
In Q1, Delta reported total revenue of $14.2 billion — a March-quarter record, up 9.4% year-over-year. Management guided for low-teens revenue growth in Q2.
Total unit revenue grew 8.2%, with passenger unit revenue up mid-single digits. Premium and loyalty revenues grew mid-teens and made up 62% of total revenue.
Those are not bad numbers to walk into an earnings week with.
The stock trades at a P/E ratio of 13.65 and a PEG ratio of 0.62 — metrics that suggest the valuation is still reasonable relative to its growth rate, though InvestingPro flags the stock as potentially overvalued versus its Fair Value estimate.
DAL fell slightly in broader oil-linked moves earlier this year but recovered as crude dropped below $70 per barrel, a tailwind shared by American Airlines and Southwest Airlines.
On TipRanks, DAL holds a Strong Buy consensus based on 16 Buy ratings. The highest price target currently sits at $116, with the consensus at $99.07, implying about 6.45% upside from current levels.
Delta reports Q2 earnings on July 10, 2026.
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