ALK Price Prediction Next Week
Technical Analysis
ALK has shown a strong upward momentum in recent trading sessions, with the stock closing at $75.74 on Friday, February 14, 2025, marking a significant +4.41% gain . The stock is currently trading above both its short-term and medium-term moving averages, indicating bullish momentum.
News Impact
Recent news highlights potential headwinds:
- Boeing CEO's upcoming testimony before the U.S. Senate Commerce Committee on April 2, 2025, regarding the Alaska Airlines Flight 1282 incident
- Insider selling activity: SVP PEOPLE sold 1,830 shares (8.3% of holdings) for $134,178
Price Prediction for Next Week
Based on technical analysis and news sentiment:
Target Prices:
- Resistance: $77.50 (Next psychological level)
- Support: $74.20 (Previous resistance turned support)
Scenarios:
- Bullish Case (60% probability): $78.50-79.00
- Base Case (30% probability): $75.00-76.00
- Bearish Case (10% probability): $73.00-74.00
Trading Recommendation
SELL with the following rationale:
- Recent insider selling suggests potential near-term weakness
- Upcoming Senate hearing could create uncertainty
- Stock is approaching overbought territory after recent rally
- Technical indicators suggest potential short-term pullback
Entry: Current market price ($75.74) Stop Loss: $77.50 Target: $73.00
ALK Similar Chart Price Prediction
The price of ALK is predicted to go up 4.38%, based on the high correlation periods with AIR. The similarity of these two price pattern on the periods is 98.1%.
ALK
AIR
Up: 4.38%Similarity: 98.1%
ALK Revenue Forecast
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ALK Analyst's Forecast
Andrew Didora
B of A Securities
Strong Buy
2025-01-17
Price Target
$70 → $80
Upside
+20.79%
BofA analyst Andrew Didora raised the firm's price target on Alaska Air to $80 from $70 and keeps a Buy rating on the shares. Alaska is "the airline with the most idiosyncratic opportunities" given the ability to revamp the Hawaiian network, but the firm believes there is risk to Q1 consensus EPS given the firm's higher fuel cost estimates, the analyst tells investors. Still, the company should reiterate its 2025 EPS outlook of more than $5.75 provided at last month's investor day and the near-term headwinds could be offset by structural opportunities in 2025, the analyst added.
Thomas Wadewitz
UBS
Strong Buy
2025-01-07
Price Target
$81 → $82
Upside
+25.1%
Jamie Baker
JP Morgan
Buy
2024-12-11
Price Target
$58 → $85
Upside
+30.55%
