More analysts reiterate Buy on United Airlines Holdings (UAL, Financial) due to a combination of factors. On Nov. 15, Barclays declared its Buy rating on UAL with price target of $150 per share. Thomas Fitzgerald CFA also set a Buy as he sees that UAL has strategic investments in network expansion, fleet renewal, and enhanced customer experience.
And on Nov. 19 UAL reported 30% higher bookings to European destinations compared to that in 2019 pre-COVID pandemic, and 10% higher than bookings to Europe in 2023. This marks a healthy recovery demand post-pandemic for UAL. UAL expects to get around 25 million passengers during 2024 holiday period or 6% higher than last year.
Deloitte survey found that now there are more Americans spend more dollars on holiday experiences. It is expected that consumer spending on holiday experiences to rise 16% this year.
Analysts see UAL's financial position to be healthy and sufficient for upgrading their fleet, reduce debt and provide consistent shareholder returns.
Based on the one-year price targets offered by 19 analysts, the average target price for United Airlines Holdings Inc is $99.74 with a high estimate of $150.00 and a low estimate of $80.00. The average target implies a upside of +5.81% from the current price of $94.26.
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