Bank of America Securities Reiterates Buy Rating on Alaska Air Group (ALK) Stock

Alaska Air Group, Inc. (NYSE:ALK) is one of the Stocks to Buy with Exponential Growth Heading into 2026. On October 28, analyst Andrew Didora from Bank of America Securities reiterated a “Buy” rating on the company’s stock and has a price objective of $62.00. The analyst’s rating is supported by factors highlighting Alaska Air Group, Inc. (NYSE:ALK)’s healthy fundamentals and favourable long-term outlook. Despite the recent challenges, the analyst believes that its revenue trends have been showing improvement.

Alaska Air Group, Inc. (NYSE:ALK)’s Q3 2025 record revenue came in at $3.8 billion, resulting in a 1.4% YoY RASM increase, which it expects will continue to lead the industry. Also, the integration with Hawaiian Airlines continues to progress better than expected. Notably, such positive developments back the analyst’s rating, with the long-term prospects continuing to remain strong.

While the macroeconomic conditions expose the company to some risks, Alaska Air Group, Inc. (NYSE:ALK)’s strategic positioning and operational improvements offer a healthy foundation for future growth, added Didora.

Diamond Hill Capital, an investment management company, released its Q4 2024 investor letter. Here is what the fund said:

Other top contributors in Q4 included Alaska Air Group, Inc. (NYSE:ALK), Webster Financial and Liberty Media-Formula One. Shares of regional airline Alaska Air rose in the quarter as management provided more details about the company’s recent acquisition of Hawaiian Airlines, which investors received positively.

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