Revised full‑year revenue forecast: ALK now projects $1.6 billion in total revenue for the calendar year, versus the $1.5 billion range it had previously guided. The upgrade represents roughly a 7 % lift to the top‑line outlook and moves the estimate from the low‑mid‑single‑digit growth band to a modest mid‑single‑digit expansion.
Market and trading implications
The upward revision signals that the company’s sales pipeline is materialising faster than analysts expected—likely driven by stronger demand for its core products and tighter pricing discipline. On the technical side, the stock has already broken the $70 resistance level on the news, holding above the 50‑day moving average with rising volume, a classic bullish confirmation. Traders can look for a short‑to‑medium‑term upside to the next resistance around $78–$80, while keeping an eye on the 20‑day trend line; a breach of that line could open the door to a broader rally toward $85. Conversely, if the price stalls below $70 and volume dries up, a pull‑back to the $66–$68 support zone may test the durability of the earnings upgrade. In short, the revised revenue forecast improves the fundamentals narrative and, combined with the current price action, creates a bullish bias for ALK with upside potential if the momentum holds.