Spirit Airlines (SAVE) Stock Forecast & Price Target

$2.60

-0.27 (-9.42%)

(As of 10/29/2024 ET)

Spirit 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

Strong Sell

Based on 9 Analyst Ratings

Sell
7

Hold
2

Buy
0

Based on 9 Wall Street analysts who have issued ratings for Spirit Airlines in the last 12 months, the stock has a consensus rating of "Strong Sell." Out of the 9 analysts, 7 have given a sell rating, and 2 have given a hold rating for SAVE.

Consensus Price Target

$2.50
-3.66% Downside

According to the 9 analysts' twelve-month price targets for Spirit Airlines, the average price target is $2.50. The highest price target for SAVE is $3.50, while the lowest price target for SAVE is $1.50. The average price target represents a forecasted downside of -3.66% from the current price of $2.60.

SAVE Analyst Ratings Over Time

Type	Current Forecast 10/31/23 to 10/30/24	1 Month Ago 10/1/23 to 9/30/24	3 Months Ago 8/2/23 to 8/1/24	1 Year Ago 10/31/22 to 10/31/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	0 Buy rating(s)	0 Buy rating(s)	0 Buy rating(s)	1 Buy rating(s)
Hold	2 Hold rating(s)	2 Hold rating(s)	2 Hold rating(s)	4 Hold rating(s)
Sell	7 Sell rating(s)	7 Sell rating(s)	7 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$2.50	$2.61	$2.64	$17.10
Forecasted Upside	-3.66% Downside	8.86% Upside	-4.24% Downside	48.95% Upside
Consensus Rating	Strong Sell	Strong Sell	Strong Sell	Hold

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SAVE 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.

SAVE 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.

Spirit Airlines Stock vs. The Competition

Type	Spirit Airlines	Transportation Companies	S&P 500
Consensus Rating Score	1.22	2.54	2.50
Consensus Rating	Strong Sell	Moderate Buy	Hold
Predicted Upside	-3.66% Downside	32.57% Upside	8.91% Upside
News Sentiment Rating	Neutral News See Recent SAVE 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
10/9/2024	Susquehanna 2 of 5 stars		Lower Target	Negative ➝ Negative	$2.25 ➝ $1.50	-23.67%
7/23/2024	Citigroup 3 of 5 stars		Lower Target	Sell ➝ Sell	$3.50 ➝ $2.75	-2.83%
7/17/2024	TD Cowen 4 of 5 stars		Downgrade	Hold ➝ Sell	$3.00 ➝ $2.00	-36.71%
7/17/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Underperform ➝ Underperform	$3.25 ➝ $2.75	-12.97%
7/10/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Underweight ➝ Underweight	$4.00 ➝ $3.00	-1.64%
7/8/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Hold ➝ Sell	$3.00 ➝ $2.00	-39.58%
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7/5/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Syth Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Market Perform ➝ Underperform
4/4/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	In-Line ➝ In-Line	$18.00 ➝ $3.50	-26.78%
1/17/2024	Seaport Res Ptn Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Mckenzie Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Neutral
5/8/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$28.00 ➝ $10.00	-38.73%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 05:29 AM ET.

SAVE Forecast - Frequently Asked Questions

: According to the research reports of 9 Wall Street equities research analysts, the average twelve-month stock price forecast for Spirit Airlines is $2.50, with a high forecast of $3.50 and a low forecast of $1.50.
: 9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Spirit Airlines in the last year. There are currently 7 sell ratings and 2 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "strong sell" SAVE shares.
: According to analysts, Spirit Airlines's stock has a predicted downside of -3.66% based on their 12-month stock forecasts.
: Spirit Airlines has been rated by research analysts at Susquehanna in the past 90 days.
: Analysts like Spirit Airlines less than other "transportation" companies. The consensus rating for Spirit Airlines is Strong Sell while the average consensus rating for "transportation" companies is Moderate Buy. Learn more on how SAVE compares to other companies.

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This page (NYSE:SAVE) was last updated on 10/30/2024 by MarketBeat.com Staff

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Spirit Airlines (SAVE) Stock Forecast & Price Target