These Analysts Boost Their Forecasts On United Airlines Following Strong Q3 Earnings

Financial Performance - United Airlines reported third-quarter revenue of $14.843 billion, exceeding the consensus estimate of $14.783 billion [1] - Adjusted earnings were $3.33 per share, surpassing analyst estimates of $3.13 per share [1] - The company expects fourth-quarter adjusted earnings to be in the range of $2.50 to $3 per share, lower than the estimates of $3.17 per share [1] Strategic Initiatives - United Airlines announced a $1.5 billion buyback program following the earnings report [1] - CEO Scott Kirby indicated that the removal of unproductive capacity in mid-August led to improved revenue trends [1] - The company aims for a prosperous summer 2024, leveraging an improved customer experience and the United Next initiative [1] Analyst Ratings and Price Targets - The consensus price target for United Airlines is $75.57, with a high of $100 from TD Cowen and a low of $47 from UBS [3] - Recent analyst ratings suggest an average price target of $90, indicating a potential upside of 21.82% [3] - Analysts from Morgan Stanley, B of A Securities, Susquehanna, Bernstein, and TD Cowen have raised their price targets for United Airlines, with the highest now at $100 [4]