Here’s What Analysts Are Saying About Alaska Air Group (ALK)

Group 1 - Alaska Air Group, Inc. (NYSE:ALK) is considered one of the most undervalued travel stocks by hedge funds, with TD Cowen cutting the price target to $63 from $64 while maintaining a Buy rating [1] - Morgan Stanley also holds a bullish view on Alaska Air Group, maintaining a Buy rating and noting that the company exceeded earnings expectations in fiscal Q4, supported by favorable fuel expenses, a reduced tax rate, and improved cost control [2][3] - The company reported fiscal Q4 and full year 2025 results on January 22, with an EPS of $0.18 and adjusted EPS of $0.43, surpassing expectations, and generated $1.2 billion in operating cash flow for the full year [4] Group 2 - Alaska Air Group operates through segments including Alaska Airlines, Hawaiian Airlines, and Regional, providing air transportation services [5] - Morgan Stanley highlighted that synergies are ahead of plan, with strong booking trends for early 2026, and sees a credible path to earnings of $6.50 per share without needing additional macro or industry tailwinds [3]