LATAM Airlines Price Target Raised to $70 as Analysts Maintain Buy Consensus

Key Facts

Amid the ongoing recovery of the Latin American aviation sector, analysts have bolstered their positive outlook on the region's largest carrier. Analysts raised the average 12-month price target for LATAM Airlines Group S.A. from $69.18 to $70. This new target implies a potential upside of approximately 23% based on the July 1 closing price. Furthermore, the company maintains a consensus 'Buy' rating from 12 analysts covering the stock, reflecting broad confidence in the group's growth trajectory.

This optimism is supported by improved operational performance compared to regional peers such as Copa Holdings and Azul. Per market data, individual analyst forecasts for LATAM currently range between $60.54 and $80, placing the new average target at a relatively conservative level compared to some high-end estimates. Recent earnings reports have shown a marked improvement in operating margins, aligning with industry trends toward sustainable profitability following successful restructuring efforts.

Investors should monitor LTM price levels as new operational data approaches. Looking at the economic calendar, inflation data and unemployment rates in Brazil and Mexico—such as Brazil's 5.6% unemployment rate reported on June 26, 2026—could impact consumer purchasing power in the company's core markets. Upcoming speeches from central bank officials will serve as additional catalysts for local currency fluctuations that directly affect fuel costs and revenues.