Allegiant Travel (ALGT) Stock Forecast & Price Target

$78.60

+0.66 (+0.85%)

(As of 02/9/2024 08:55 PM ET)

Allegiant Travel Consensus Analyst Rating 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.

Analysts' Consensus Rating

Hold
Based on 8 Analyst Ratings

Analysts' Consensus Price Target

$96.57
22.86% Upside

High Forecast	$145.00
Average Forecast	$96.57
Low Forecast	$65.00

Type	Current Forecast 2/12/23 to 2/12/24	1 Month Ago 1/13/23 to 1/13/24	3 Months Ago 11/14/22 to 11/14/23	1 Year Ago 2/12/22 to 2/12/23
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	2 Buy rating(s)	2 Buy rating(s)	3 Buy rating(s)	4 Buy rating(s)
Hold	5 Hold rating(s)	5 Hold rating(s)	6 Hold rating(s)	9 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$96.57	$96.63	$95.70	$102.00
Predicted Upside	22.86% Upside	20.03% Upside	22.03% Upside	17.86% Upside

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ALGT Analyst Ratings 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	2.13	2.52	2.48
Consensus Rating	Hold	Moderate Buy	Hold
Predicted Upside	22.86% Upside	118.64% Upside	8.84% Upside
News Sentiment Rating	Neutral News	Positive News	Positive News

Recent Analyst Ratings and Stock Forecasts

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
2/9/2024	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Neutral ➝ Neutral	$80.00 ➝ $76.00	-1.54%
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%
2/6/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Market Perform	$82.00 ➝ $85.00	+16.28%
11/7/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Equal Weight ➝ Equal Weight	$100.00 ➝ $95.00	+54.60%
11/6/2023	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Equal Weight ➝ Equal Weight	$75.00 ➝ $65.00	+0.29%
8/28/2023	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	In-Line ➝ In-Line	$125.00 ➝ $110.00	+24.77%
6/26/2023	92 Resources Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Maintains
6/15/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Buy	$110.00 ➝ $145.00	+26.32%
5/1/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Neutral ➝ Underperform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 07:24 AM ET.

ALGT Price Target - Frequently Asked Questions

What is Allegiant Travel's consensus rating and price target?: According to the issued ratings of 8 analysts in the last year, the consensus rating for Allegiant Travel stock is Hold based on the current 1 sell rating, 5 hold ratings and 2 buy ratings for ALGT. The average twelve-month price prediction for Allegiant Travel is $96.57 with a high price target of $145.00 and a low price target of $65.00. Learn more on ALGT's analyst rating history.
Do Wall Street analysts like Allegiant Travel more than its competitors?: 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.
Does Allegiant Travel's stock price have much upside?: According to analysts, Allegiant Travel's stock has a predicted upside of 22.33% based on their 12-month stock forecasts.

What analysts cover Allegiant Travel?: Allegiant Travel has been rated by Raymond James, Susquehanna, and TD Cowen in the past 90 days.

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This page (NASDAQ:ALGT) was last updated on 2/12/2024 by MarketBeat.com Staff

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Allegiant Travel (ALGT) Stock Forecast & Price Target

Allegiant Travel Consensus Analyst Rating and Stock Price Forecast (2024)

Analysts' Consensus Rating

Analysts' Consensus Price Target

ALGT Analyst Ratings By Month

ALGT Price Targets by Month

Allegiant Travel Stock vs. The Competition

Recent Analyst Ratings and Stock Forecasts

ALGT Price Target - Frequently Asked Questions

Stock Ratings Reports and Tools

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