Sheryar Siddiq
2 min read
In This Article:
United Airlines Holdings, Inc. (NASDAQ:UAL) is one of billionaire Stan Druckenmiller’s top stock picks with huge upside potential. Jefferies maintained its buy rating on United Airlines Holdings, Inc. (NASDAQ:UAL) and increased its price target from $80 to $100 on June 12. According to the research firm, United’s second-quarter earnings per share of $3.90 are in line with the company’s prior guidance range of $3.25–$4.25. That said, the airline was unable to meet the upper end of that range due to operational difficulties and Newark Airport booking issues.
Due to ongoing challenges at Newark Airport, which accounts for 20% of United’s available seat miles, and a policy of trading yields for load factors during peak summer travel, Jefferies expects third-quarter earnings per share of $2.55, which is about 10% less than the consensus estimates of $2.84.
For United’s full-year results, the firm stressed that close-in bookings for the third quarter along with performance in the fourth quarter will be critical, especially to ascertain whether the currently steady demand accelerates. To that end, Jefferies projects United Airlines Holdings, Inc. (NASDAQ:UAL)’s 2025 EPS to be at $10, which is lower than the company’s initial target range of $11.50-$13.50.
United Airlines Holdings, Inc. (NASDAQ:UAL) is a well-known airline company whose mainline and regional fleets transport both passengers and freight across the globe.
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Read More: 10 Best Magic Formula Stocks for 2025 and 10 Best Retirement Stocks to Buy According to Hedge Funds
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