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Home / Business / Delta stock is cheap, buy it now before it rises: Wall Street analyst

Delta stock is cheap, buy it now before it rises: Wall Street analyst



Delta stocks are cheap, and investors should buy them before prices rise, said senior analyst Brandon Oglenski.

But in general, he said, investors are "a bit too pessimistic about what makes this industry end up with a margin and returns the perspective," Oglenski said on Thursday at "Closing Bell."

While Oglenski has admitted that the stock has been volatile in recent years, he remains bullish on Delta with an overweight rating.

"If you are an institutional owner of these stocks and are trying to make money in an active portfolio it is really challenging and it feels like every step forward with revenue, initiatives on the commercial side, we are making two Take a step back with fuel, "said Oglenski.

But, he pointed out, "Wall Street is very moody. We see fuel prices rising every day. That's the big wildcard this year."

Thursday's record earnings included adjusted operating revenue for the quarter of $ 9.76 billion, just below the expected $ 9.85 billion. The stock rose more than 3 percent during Thursday's session. At the end of trading Thursday, stock prices for the airline hovered just under $ 53.


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