This is Why Delta Air Lines, Inc. (DAL) is a Top Stock to Buy Now for Good Returns

Delta Air Lines, Inc. (NYSE:DAL) is one of the best stocks to buy now for good returns. On June 23, UBS reiterated a Buy rating on Delta Air Lines, Inc. (NYSE:DAL) and increased the price target to $107 from $98. The new price target represents significant upside as the stock is trading at $90 a share.

This is Why Delta Air Lines, Inc. (DAL) is a Top Stock to Buy Now for Good Returns

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The price target hike also comes amid expectations that the second-quarter earnings report will be a positive catalyst for the broader airline sector. UBS expects Delta Air Lines to deliver earnings per share of $1.38. While the company experienced cost pressures in the second quarter owing to higher energy costs, UBS projects 7% cost per available seat mile as the airline raised pay to address crew scheduling issues.

For the third quarter, UBS expects Delta Airlines to achieve earnings per share of $2.51, above the consensus estimate of $1.68 a share. The earnings would incorporate 13.7% revenue per available seat mile on 0.5% available seat mile. The research firm has also raised full-year earnings estimates to $6.70 per share from the consensus of $5.52.

Delta Air Lines, Inc. (NYSE:DAL) is a major global airline that transports passengers and cargo to hundreds of destinations worldwide. It operates a vast network, utilizing various aircraft, and offers premium travel services, including vacation packages and alliances with other international carriers.

While we acknowledge the risk and potential of DAL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than DAL and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 15 Best AI Stocks Under $10 to Buy Now and 8 Best Stocks to Buy According to Billionaire Barry Rosenstein.

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