Delta Air Lines stock slips as TD Cowen cuts its target
Published on 08/24/2026 at 20:59 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Delta Air Lines stock is reacting to a fresh target cut to $105 from $112, while the shares closed at $82.41 on August 21, 2026 and traded up 1.67% in the latest market snapshot.
The move comes as TD Cowen lowered its view and the latest quarter still showed $17.67 billion in revenue, $1.56 in earnings per share, and a 18.7% year-over-year revenue increase.
Target cuts reshape the setup
The note trimmed the target to $105 from $112 and left the buy rating in place, according to the report. MarketBeat also said 23 analysts rate the stock Buy and two rate it Hold, with a consensus target of $100.10.
That puts Delta's current price below both the new target and the broader Street view. The gap matters because the stock also carried a market cap of $54.55 billion and a 52-week range of $55.03 to $95.68 in the same market snapshot.
Latest quarter still matters
Delta's most recently reported quarter, released on July 9, 2026, delivered $17.67 billion in revenue versus $17.43 billion expected and earnings of $1.56 a share versus $1.49 expected. Net margin was 5.79%, and return on equity reached 17.52%.
The comparison is useful because it shows why analysts can stay constructive even while trimming price targets. On the same set of estimates, sell-side analysts expect full-year EPS of 6.54.
Airline mix
Delta Air Lines runs scheduled passenger and cargo operations, plus maintenance and repair services, and it markets premium cabins and SkyMiles benefits across its network.
The broader business mix still leans on passenger transport, which MarketScreener described as 81.7% of net sales, with 1.4% from airfreight and 16.9% from other activities.
Shares and outlook
Delta Air Lines stock ended the latest session at $82.41, compared with a 50-day moving average of $87.86 and a 200-day moving average of $76.30. The latest quote also showed 950,835 shares traded versus an average volume of 8,930,198.
Price, guidance, and the new $105 target now frame the next stretch of trading more than the airline's long-term story does.
Fact box
Company: Delta Air Lines, Inc.
ISIN: US2473617023
Ticker: DAL
Exchange: NYSE
Sector / Industry: Airlines
Index membership: S&P 500
Market cap: $54.55 billion
Price (as of August 21, 2026, 4:00 p.m. ET): $82.41 USD
Next earnings date: November 2026
