5 Best Airline Stocks To Buy According To Wall Street Analysts

In this article, we will be taking a look at the 5 best airline stocks to buy according to Wall Street analysts. To read our detailed analysis of the airline industry, you can go directly to see the 10 Best Airline Stocks To Buy According To Wall Street Analysts.

5. Alaska Air Group, Inc. (NYSE:ALK)

Number of Hedge Fund Holders: 25

Average Analyst Price Target as of October 15: $55.86

Upside Potential as of October 15: 68.91%

Alaska Air Group, Inc. (NYSE:ALK) is a passenger airlines company. It is based in Seattle, Washington.

Savanthi Syth at Raymond James holds a Strong Buy rating and a $58 price target on Alaska Air Group, Inc. (NYSE:ALK) as of October 5.

We saw 25 hedge funds long Alaska Air Group, Inc. (NYSE:ALK) in the second quarter, with a total stake value of $251.1 million.

4. United Airlines Holdings, Inc. (NYSE:UAL)

Number of Hedge Fund Holders: 40

Average Analyst Price Target as of October 15: $65.64

Upside Potential as of October 15: 69.52%

An Outperform rating and a $70 price target were maintained on United Airlines Holdings, Inc. (NYSE:UAL) on October 5 by Savanthi Syth at Raymond James.

United Airlines Holdings, Inc. (NYSE:UAL) provides air transportation services through its mainline and regional fleets. It is based in Chicago, Illinois.

United Airlines Holdings, Inc. (NYSE:UAL) had 40 hedge funds long its stock in the second quarter, with a total stake value of $995.6 million.

3. Frontier Group Holdings Inc. (NASDAQ:ULCC)

Number of Hedge Fund Holders: 17

Average Analyst Price Target as of October 15: $7.83

Upside Potential as of October 15: 75.17%

There were 17 hedge funds long Frontier Group Holdings Inc. (NASDAQ:ULCC) in the second quarter, with a total stake value of $136.2 million.

Frontier Group Holdings Inc. (NASDAQ:ULCC) is a low-fare airline company. It is based in Denver, Colorado.

Morgan Stanley’s Ravi Shanker holds an Overweight rating and a $10 price target on Frontier Group Holdings Inc. (NASDAQ:ULCC) as of October 2.

2. Copa Holdings, S.A. (NYSE:CPA)

Number of Hedge Fund Holders: 34

Average Analyst Price Target as of October 15: $147.83

Upside Potential as of October 15: 75.40%

Copa Holdings, S.A. (NYSE:CPA) offers 327 daily scheduled flights to 78 destinations in 32 countries in the Americas and the Caribbean. It is based in Panama.

Copa Holdings, S.A. (NYSE:CPA) was seen in the portfolios of 34 hedge funds in the second quarter, with a total stake value of $519.9 million.

As of August 11, Helane Becker at TD Cowen holds an Outperform rating and a $125 price target on Copa Holdings, S.A. (NYSE:CPA).

1. Azul S.A. (NYSE:AZUL)

Number of Hedge Fund Holders: 8

Average Analyst Price Target as of October 15: $14.99

Upside Potential as of October 15: 96.72%

Shares of Azul S.A. (NYSE:AZUL) were upgraded from Neutral to Buy on September 20 by Bruno Amorim at Goldman Sachs, who also placed a price target of $18.30 on the stock.

Eight hedge funds were long Azul S.A. (NYSE:AZUL) in the second quarter, with a total stake value of $70.2 million.

Azul S.A. (NYSE:AZUL) is a Brazilian passenger airlines company. It operates about 1,000 daily departures to 158 destinations through a network of 300 non-stop routes with an operating fleet of about 177 aircraft, among more.

See also 20 Best Airlines in the World in 2023 and Top 20 Most Profitable Airlines in the World.