Delta Air Lines, Inc. (DAL) is set to report fourth-quarter earnings before the market opens on Tuesday, Jan. 13, 2025, and analysts have been busy updating their forecasts ahead of the release.

Wall Street expects the Atlanta-based carrier to post quarterly earnings of $1.57 per share, a solid jump from $1.29 per share in the same period last year. On the revenue side, the consensus estimate sits at $15.69 billion, up from $15.56 billion a year earlier.

Analyst Optimism Runs High

Several of the Street's most accurate analysts have weighed in recently, and the sentiment is decidedly bullish. Here's what they're saying:

TD Cowen analyst Tom Fitzgerald, who sports a 74% accuracy rate, maintained a Buy rating on Jan. 7, 2026, and lifted his price target from $77 to $82. That's a meaningful vote of confidence just days before the earnings print.

Goldman Sachs analyst Catherine O'Brien also kept her Buy rating intact on Jan. 6, 2026, boosting her target from $68 to $77. O'Brien carries a 51% accuracy rate.

B of A Securities analyst Andrew Didora followed suit the same day, maintaining a Buy rating while raising his price target from $74 to $80. Didora's accuracy rate stands at 54%.

Wells Fargo analyst Christian Wetherbee initiated coverage on Dec. 18, 2025, with an Overweight rating and the most bullish price target in the group at $87. Wetherbee has a 73% accuracy rate, making his optimistic stance particularly noteworthy.

Citigroup analyst John Godyn started coverage on Dec. 4, 2025, with a Buy rating and a $77 price target. Godyn's accuracy rate comes in at 64%.

Recent Developments

Beyond the earnings buzz, Delta recently landed a partnership with Sphere Entertainment Co. (SPHR), which announced on Jan. 5 that Delta would become the Official Airline of Sphere. It's the kind of brand alignment that keeps Delta in front of premium customers.

Shares of Delta Air Lines dipped 0.8% to close at $71.65 on Wednesday. With price targets now clustering between $77 and $87, analysts see meaningful upside potential if the carrier can deliver on Tuesday's earnings expectations and provide solid guidance for the year ahead.