UBS Maintains Buy Rating on Alaska Air (ALK) Stock

Alaska Air Group, Inc. (NYSE:ALK) is one of the 10 most undervalued industrial stocks to buy according to analysts. Alaska Air Group (NYSE:ALK) stock received a boost on January 20 when UBS analyst Atul Maheswari maintained his Buy rating and $77 price target. Prior to that, on January 9, Susquehanna increased its price target for the stock from $52 to $70 while maintaining a Buy rating on the shares. In a research note to investors, Susquehanna highlighted a constructive fundamental outlook for the airline industry into fiscal year 2026. The firm also noted that select carriers are well-positioned to benefit from the diverse revenue sources and strong brand loyalty.

The company advanced its long-term fleet expansion with Boeing on December 31, 2025. As part of the fleet expansion, Alaska Air ordered 53 additional 737-10 aircraft for delivery from 2032 to 2035, adding 35 additional 737-10 options to its long-term purchase pipeline and exercising options for 52 more 737-10s scheduled for delivery between 2028 and 2032. The airline also exercised options for five 787 aircraft scheduled between 2031 and 2032. These actions together highlight the firm’s long-term capacity and fleet growth strategy, set to shape its network and service offerings well into the next decade.

Alaska Air Group, Inc. (NYSE:ALK) operates airlines. The company operates in the Hawaiian Airlines, Alaska Airlines, and Regional segments. It provides scheduled air transportation services on Boeing jet aircraft for cargo and passengers. Alaska Air Group, Inc. was incorporated in 1932 and is headquartered in Seattle, Washington.

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Disclosure: None. This article is originally published at Insider Monkey.