Southwest Airlines (LUV) Stock Forecast & Price Target

$29.07

+0.17 (+0.59%)

(As of 02:52 PM ET)

Southwest Airlines - 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 16 Analyst Ratings

Based on 16 Wall Street analysts who have issued ratings for Southwest Airlines in the last 12 months, the stock has a consensus rating of "Hold." Out of the 16 analysts, 3 have given a sell rating, 9 have given a hold rating, and 4 have given a buy rating for LUV.

Consensus Price Target

$28.38
-2.38% Downside

High Forecast	$40.00
Average Forecast	$28.38
Low Forecast	$19.00

According to the 16 analysts' twelve-month price targets for Southwest Airlines, the average price target is $28.38. The highest price target for LUV is $40.00, while the lowest price target for LUV is $19.00. The average price target represents a forecasted downside of -2.38% from the current price of $29.07.

Type	Current Forecast 9/20/23 to 9/19/24	1 Month Ago 8/21/23 to 8/20/24	3 Months Ago 6/22/23 to 6/21/24	1 Year Ago 9/20/22 to 9/20/23
Consensus Rating	Hold	Hold	Hold	Hold
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	4 Buy rating(s)	4 Buy rating(s)	5 Buy rating(s)	5 Buy rating(s)
Hold	9 Hold rating(s)	9 Hold rating(s)	10 Hold rating(s)	10 Hold rating(s)
Sell	3 Sell rating(s)	3 Sell rating(s)	4 Sell rating(s)	2 Sell rating(s)
Consensus Price Target	$28.38	$28.38	$29.83	$36.99
Forecasted Upside	-2.38% Downside	2.75% Upside	3.31% Upside	12.24% Upside

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LUV 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.

LUV 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.

Southwest Airlines Stock vs. The Competition

Type	Southwest Airlines	Transportation Companies	S&P 500
Consensus Rating Score	2.06	2.55	2.50
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	-2.65% Downside	28.93% Upside	6.72% Upside
News Sentiment Rating	Neutral 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
9/3/2024	Evercore ISI 2 of 5 stars	D. Pfennigwerth Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	In-Line ➝ Outperform	$30.00 ➝ $35.00	+21.02%
8/5/2024	Sanford C. Bernstein 3 of 5 stars		Lower Target	Market Perform ➝ Market Perform	$26.00 ➝ $24.00	-1.11%
7/29/2024	Citigroup 3 of 5 stars		Lower Target	Neutral ➝ Neutral	$29.00 ➝ $28.25	+7.05%
7/26/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Hold	$32.00 ➝ $29.00	+3.20%
7/17/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold ➝ Hold	$26.00 ➝ $19.00	-33.82%
7/10/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$26.00 ➝ $27.00	-2.30%
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6/10/2024	Melius Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Sell	$26.00	-6.31%
5/28/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Staszak Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Hold
5/13/2024	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Hold	$27.80	+1.61%
4/30/2024	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$27.00 ➝ $25.00	-6.86%
4/29/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Hold ➝ Underperform	$28.00 ➝ $20.00	-26.01%
4/26/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$33.00 ➝ $30.00	+10.74%
4/5/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$40.00 ➝ $38.00	+33.85%
3/20/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$36.00	+27.80%
1/26/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$24.00 ➝ $29.00	-3.49%
11/10/2023	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Neutral ➝ Underperform	$20.00	-14.35%
8/17/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$34.00 ➝ $30.00	-8.87%
8/7/2023	Redburn Partners Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Neutral ➝ Sell	$27.00	-17.51%
7/27/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral	$45.00 ➝ $35.00	+5.93%
6/26/2023	22nd Century Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains
1/27/2023	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	$55.00 ➝ $50.00	+40.06%
10/11/2022	Susquehanna Bancshares Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$45.00 ➝ $40.00	+26.34%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 03:11 PM ET.

LUV Forecast - Frequently Asked Questions

What is Southwest Airlines' forecast for 2024?: According to the research reports of 16 Wall Street equities research analysts, the average twelve-month stock price forecast for Southwest Airlines is $28.38, with a high forecast of $40.00 and a low forecast of $19.00.
Should I buy or sell Southwest Airlines stock right now?: 16 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Southwest Airlines in the last year. There are currently 3 sell ratings, 9 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" LUV shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in LUV, but not buy additional shares or sell existing shares.
Does Southwest Airlines's stock price have much upside?: According to analysts, Southwest Airlines's stock has a predicted upside of 3.03% based on their 12-month stock forecasts.
Has Southwest Airlines been upgraded by Wall Street analysts recently?: Over the previous 90 days, Southwest Airlines's stock had 1 upgrade by analysts.
What analysts cover Southwest Airlines?: Southwest Airlines has been rated by research analysts at Barclays, Citigroup, Deutsche Bank Aktiengesellschaft, Evercore ISI, Sanford C. Bernstein, and TD Cowen in the past 90 days.
Do Wall Street analysts like Southwest Airlines more than its competitors?: Analysts like Southwest Airlines less than other "transportation" companies. The consensus rating for Southwest Airlines is Hold while the average consensus rating for "transportation" companies is Moderate Buy. Learn more on how LUV compares to other companies.