United Airlines ($UAL) is scheduled to announce its results for the fourth quarter of 2025 on Tuesday, January 20. UAL stock has gained only about 3% over the past year, primarily driven by steady travel demand and stronger corporate bookings, partially offset by fuel price volatility and rising costs across the airline industry. According to TipRanks’ Options Tool, options traders expect about a 7.38% move in either direction in UAL stock in reaction to Q4 2025 results.
This implied move is higher than UAL stock’s average post-earnings move (in absolute terms) of 2.3% over the past four quarters.
Meanwhile, Wall Street expects United Airlines to report Q4 2025 earnings per share (EPS) of $2.93, reflecting a 10% year-over-year decline. However, revenue is estimated to rise by 5% to $15.37 billion.
Analysts’ Views Ahead of United Airlines’ Q4 Earnings
Heading into Q4 earnings, UBS analyst Atul Maheswari reiterated a Buy rating and a $145 price target on United Airlines. The analyst expects United’s fourth-quarter results to come in near the lower end of guidance, though still within the company’s forecast range. Maheswari noted that peer Delta Air Lines ($DAL) missed expectations due to a government shutdown, but added that United generally takes a more cautious approach when setting its guidance.
He added that investor attention will likely shift to United’s first-quarter guidance, which he views as the key takeaway from the earnings report.
Meanwhile, TD Cowen analyst Tom Fitzgerald raised his price target on UAL stock to $138 from $125 and kept a Buy rating. He said United offers the most attractive long-term story among airlines and remains his top pick for 2026. While he expects near-term guidance to be in line with expectations, Fitzgerald added that any post-earnings pullback in the stock would present a good buying opportunity.
Is UAL Stock a Buy?
United Airlines stock has a consensus Strong Buy rating among 15 Wall Street analysts. That rating is based on 14 Buys and one Sell rating issued in the last three months. The average UAL price target of $141.23 implies 24.44% upside from current levels. These ratings are likely to change after the company’s financial results.
