TD Cowen Raises United Airlines (UAL) PT to $138, Cites Post-COVID Stability and UnitedNext Strategy

United Airlines Holdings Inc. (NASDAQ:UAL) is one of the most undervalued large cap stocks to buy right now. On October 20, TD Cowen raised the price target on United Airlines to $138 from $127 and kept a Buy rating on the shares as part of an update on the estimates following its Q3 2025 results, Q4 2025 guidance, and management’s long-term sentiment.

TD Cowen revised its outlook on the company as the divergence in the post-COVID airline industry stabilizes. United Airlines Holdings is well-positioned to benefit from its UnitedNext strategy. The strategy is an enterprise-wide plan by the company to modernize its fleet, expand its network, and improve customer experience.

Management at United Airlines Holdings projects that this strategy will lead to one percentage point of annual margin expansion through the end of the current decade. TD Cowen analysts suggested there is potential for upside to these margin expansion projections.

On the same day, JPMorgan also raised the firm’s price target on United Airlines to $156 from $149 with an Overweight rating.

United Airlines Holdings Inc. (NASDAQ:UAL), through its subsidiaries, provides air transportation services in the United States, Canada, the Atlantic, the Pacific, and Latin America.

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