Street View: Brokerages lift United Airlines PT on strong demand hopes

United Airlines Holdings UAL.O on Wednesday issued an upbeat forecast during Q4 results, banking on strong premium-travel demand

23 of 26 brokerages rate the stock "buy" or higher, and three "hold"; their median PT is $135.5 - LSEG data

PREMIUM CABIN DEMAND PAVES THE WAY FOR FUTURE GROWTH

UBS ("buy", PT: $147, from $145) says it believes UAL has not assumed any material narrowing of spread between premium and main cabin for FY26

Adds that co may see upside if main cabin improves later in the year

TD Cowen ("buy," PT: $140, from $138) says co is undergoing a major investment to overhaul its fleet, which will provide an attractive non-fuel unit cost tailwind in addition to enhancing its revenue potential

Melius ("buy," PT: $132) says the biggest change at UAL has been the embracing of basic economy as a competitive tool and the elimination of change fees as foundational to the ability to compete for higher valued customers

Raymond James ("market perform") says it is encouraged by UAL pointing to 2025 as the high-water mark for YoY domestic growth, which it believes de-risks co’s earnings and bodes well for the industry; marks PT not meaningful

BMO ("outperform," PT: $132.5, from $125) says it sees continued runway for UAL on a number of fronts including gauge, loyalty/co-brand credit card, merchandising, and Kinective Media