Delta Air Lines (NYSE:DAL) Sees Price Target Increase by Bernstein

Core Insights - Delta Air Lines has been recognized for its strong performance in the airline industry, with Bernstein setting a new price target of $74, significantly above its current trading price of $59.57 [1][5] Financial Performance - Delta reported Q3 sales of $16.67 billion, marking a 6% increase year-over-year and surpassing estimates of $15.79 billion, solidifying its position as the largest and most profitable domestic airline [2][5] - The airline's net income for the quarter was $1.5 billion, equating to $1.71 per share, contributing to a stock surge of up to 8% during the trading session [3][5] Stock Performance - Delta's stock has shown significant movement, trading between a low of $58.90 and a high of $62.27 on the day, with a market capitalization of approximately $38.90 billion [4] - Over the past year, the stock reached a high of $69.98 and a low of $34.74, indicating strong investor interest with a trading volume of 27.83 million shares on the day [4]