Allegiant Travel (ALGT) Stock Forecast & Price Target

$74.54 -0.29 (-0.39%)

(As of 11/12/2024 ET)

Allegiant Travel - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold

Based on 9 Analyst Ratings

Sell
1

Hold
7

Buy
1

Based on 9 Wall Street analysts who have issued ratings for Allegiant Travel in the last 12 months, the stock has a consensus rating of "Hold." Out of the 9 analysts, 1 has given a sell rating, 7 have given a hold rating, and 1 has given a buy rating for ALGT.

Consensus Price Target

$65.38
-12.30% Downside

According to the 9 analysts' twelve-month price targets for Allegiant Travel, the average price target is $65.38. The highest price target for ALGT is $100.00, while the lowest price target for ALGT is $50.00. The average price target represents a forecasted downside of -12.30% from the current price of $74.54.

ALGT Analyst Ratings Over Time

Type	Current Forecast 11/14/23 to 11/13/24	1 Month Ago 10/15/23 to 10/14/24	3 Months Ago 8/16/23 to 8/15/24	1 Year Ago 11/14/22 to 11/14/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	1 Buy rating(s)	1 Buy rating(s)	1 Buy rating(s)	3 Buy rating(s)
Hold	7 Hold rating(s)	6 Hold rating(s)	6 Hold rating(s)	6 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$65.38	$63.13	$61.38	$95.70
Forecasted Upside	-12.30% Downside	9.55% Upside	51.43% Upside	50.95% Upside
Consensus Rating	Hold	Hold	Hold	Hold

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ALGT Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

ALGT Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Allegiant Travel Stock vs. The Competition

Type	Allegiant Travel	Transportation Companies	S&P 500
Consensus Rating Score	2.00	2.58	2.50
Consensus Rating	Hold	Moderate Buy	Hold
Predicted Upside	-12.30% Downside	32.22% Upside	7.92% Upside
News Sentiment Rating	Neutral News See Recent ALGT News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/4/2024	Wolfe Research 3 of 5 stars	S. Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Strong-Buy ➝ Hold
11/4/2024	Susquehanna 2 of 5 stars		Boost Target	Neutral ➝ Neutral	$55.00 ➝ $60.00	-4.64%
11/4/2024	Barclays 3 of 5 stars		Boost Target	Equal Weight ➝ Equal Weight	$45.00 ➝ $50.00	-20.65%
11/1/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold	$42.00 ➝ $50.00	-23.09%
10/3/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	In-Line ➝ In-Line	$60.00 ➝ $65.00	+18.07%
7/8/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$95.00 ➝ $87.00	+88.68%
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7/8/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold	$75.00 ➝ $53.00	+16.97%
3/20/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Sell	$58.00	-14.59%
2/6/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$110.00 ➝ $100.00	+36.80%
6/26/2023	92 Resources Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains
5/1/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Neutral ➝ Underperform
2/2/2023	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Perform	$80.00 ➝ $83.00	-1.65%
12/16/2022	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$96.00	+42.10%
12/15/2022	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Market Perform	$80.00	+11.76%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 03:46 AM ET.

ALGT Forecast - Frequently Asked Questions

: According to the research reports of 9 Wall Street equities research analysts, the average twelve-month stock price forecast for Allegiant Travel is $65.38, with a high forecast of $100.00 and a low forecast of $50.00.
: 9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Allegiant Travel in the last year. There is currently 1 sell rating, 7 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" ALGT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ALGT, but not buy additional shares or sell existing shares.
: According to analysts, Allegiant Travel's stock has a predicted downside of -12.30% based on their 12-month stock forecasts.
: Over the previous 90 days, Allegiant Travel's stock had 1 downgrade by analysts.
: Allegiant Travel has been rated by research analysts at Barclays, Evercore ISI, Susquehanna, TD Cowen, and Wolfe Research in the past 90 days.
: Analysts like Allegiant Travel less than other "transportation" companies. The consensus rating for Allegiant Travel is Hold while the average consensus rating for "transportation" companies is Moderate Buy. Learn more on how ALGT compares to other companies.

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This page (NASDAQ:ALGT) was last updated on 11/13/2024 by MarketBeat.com Staff

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Allegiant Travel (ALGT) Stock Forecast & Price Target