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Valued at $33.3 billion by market cap, United Airlines Holdings, Inc. (UAL) is a global leader in the aviation and air travel industry. Headquartered in Chicago, Illinois, the company provides various services and solutions to serve key markets, including leisure, corporate, and international travelers.
Companies valued at over $10 billion are often categorized as “large-cap stocks,” and United Airlines fits this category, boasting its expansive market presence. United Airlines’ dedication to innovation in air travel, leveraging advanced technology to enhance passenger experiences, and maintaining a strong focus on safety, efficiency, and customer service underscores its resilience, adaptability, and capacity to thrive in the competitive and dynamic global aviation industry.
United Airlines’ shares are down 3.7% from their 52-week high of $105.09, achieved on Dec. 5. Over the past three months, the stock has gained 88.6%, outperforming the broader Dow Jones Industrials Average’s ($DOWI) 2.6% gains over the same time frame.
UAL stock has climbed 137.7% over the past 52 weeks and 105.7% in the last six months, significantly outperforming the Dow, which rose 9.9% in the past six months and gained 15.8% over the past year.
United Airlines has demonstrated bullish momentum, consistently trading above its 50-day and 200-day moving averages since September.
On Nov. 26, United Airlines’ shares climbed over 2% after UBS upgraded the stock from "Neutral" to "Buy," setting a price target of $139.
Shares of United Airlines gained 12.4% in the subsequent trading session after the company released its Q3 earnings results on Oct.15. The airline delivered EPS of $3.33, an 8.8% year-over-year decline but ahead of market expectations of $3.10. Revenue reached $14.84 billion, rising 2.5% year-over-year compared to the consensus of $14.76 billion.
UAL’s rival, Spirit Airlines, Inc. (SAVE), has had a rough ride. SAVE stock plummeted 91.8% over the past 52 weeks, trailing behind UAL.
Following UAL’s recent outperformance, analysts have an optimistic outlook on the stock. UAL has a consensus "Strong Buy" rating from 21 analysts, with a mean price target of 111.71, which indicates a potential upside of 10.4% from its current level.
