Susquehanna Boosts Allegiant Travel (NASDAQ:ALGT) Price Target to $100.00

Allegiant Travel (NASDAQ:ALGT) had its price target boosted by Susquehanna from $70.00 to $100.00 in a research note issued on Friday, Marketbeat Ratings reports. The brokerage currently has a “neutral” rating on the transportation company’s stock. Susquehanna’s price target would indicate a potential upside of 5.30% from the stock’s current price.

Several other research firms have also recently commented on ALGT. Weiss Ratings restated a “sell (d)” rating on shares of Allegiant Travel in a research note on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft raised shares of Allegiant Travel from a “hold” rating to a “buy” rating and set a $105.00 price objective on the stock in a research report on Friday, December 12th. Wall Street Zen raised shares of Allegiant Travel from a “sell” rating to a “hold” rating in a research report on Sunday, December 28th. Citigroup lifted their price target on shares of Allegiant Travel from $88.00 to $109.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, UBS Group increased their price objective on shares of Allegiant Travel from $87.00 to $90.00 and gave the stock a “neutral” rating in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $88.09.

Allegiant Travel Trading Up 2.7%

NASDAQ:ALGT opened at $94.97 on Friday. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.98 and a quick ratio of 0.95. The stock has a market capitalization of $1.74 billion, a PE ratio of -5.83, a price-to-earnings-growth ratio of 0.26 and a beta of 1.64. The business’s 50-day simple moving average is $78.35 and its 200-day simple moving average is $65.65. Allegiant Travel has a fifty-two week low of $39.80 and a fifty-two week high of $107.57.

Allegiant Travel (NASDAQ:ALGT) last issued its quarterly earnings results on Thursday, May 12th. The transportation company reported $1.18 EPS for the quarter. The company had revenue of $496.88 million for the quarter. Allegiant Travel had a positive return on equity of 5.24% and a negative net margin of 11.36%.Allegiant Travel has set its FY 2025 guidance at 3.000- EPS and its Q4 2025 guidance at 1.500-2.500 EPS. Sell-side analysts expect that Allegiant Travel will post 7.7 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Allegiant Travel

A number of institutional investors and hedge funds have recently modified their holdings of the company. Federated Hermes Inc. grew its stake in Allegiant Travel by 12.9% in the 2nd quarter. Federated Hermes Inc. now owns 215,531 shares of the transportation company’s stock valued at $11,843,000 after buying an additional 24,557 shares during the last quarter. Envestnet Asset Management Inc. bought a new stake in shares of Allegiant Travel during the second quarter worth approximately $205,000. Jump Financial LLC grew its position in shares of Allegiant Travel by 195.5% in the second quarter. Jump Financial LLC now owns 127,800 shares of the transportation company’s stock valued at $7,023,000 after purchasing an additional 84,555 shares during the last quarter. Bayforest Capital Ltd grew its position in shares of Allegiant Travel by 38.7% in the second quarter. Bayforest Capital Ltd now owns 15,714 shares of the transportation company’s stock valued at $863,000 after purchasing an additional 4,381 shares during the last quarter. Finally, Apollo Management Holdings L.P. bought a new position in shares of Allegiant Travel during the second quarter worth approximately $6,124,000. 85.81% of the stock is owned by institutional investors.

Key Allegiant Travel News

Here are the key news stories impacting Allegiant Travel this week:

• Positive Sentiment: Susquehanna raised its price target to $100 (while keeping a “Neutral” rating), signaling higher valuation support from that shop — this likely helped buying interest. Susquehanna raises ALGT target
• Positive Sentiment: Citi raised its price target to $109 from $88, a material lift that reinforces upward momentum and provides a higher benchmark for investors. Citi raises ALGT price target to $109
• Positive Sentiment: Zacks Research bumped Q2 and Q3 EPS estimates slightly (Q2 to $1.89, Q3 to $2.29) and carries a “Strong‑Buy” on ALGT — upward revisions to near‑term EPS can justify higher multiples and support share gains. Zacks Research raises estimates for ALGT
• Neutral Sentiment: Bank of America upgraded Allegiant to “Neutral” (an upgrade in stance but not yet to a buy), which is mildly supportive but less bullish than a buy rating. BofA upgrades ALGT to Neutral
• Neutral Sentiment: Aggregate broker coverage sits near “Hold” on average — this implies mixed sentiment across the sell‑side and suggests the recent gains reflect selective analyst optimism rather than broad consensus. Broker consensus: Hold

Allegiant Travel Company Profile

Allegiant Travel Company is a holding company that operates Allegiant Air, a low‐cost leisure airline offering scheduled and charter air service. The company focuses on connecting underserved secondary markets with popular vacation destinations across the United States. By targeting price‐sensitive leisure travelers, Allegiant Air operates a point‐to‐point network that avoids the traditional hub‐and‐spoke model, providing non‐stop flights from smaller cities to resort and entertainment hubs.

In addition to its core flight operations, Allegiant Travel Company offers packaged travel services that include hotel accommodations, rental cars and attraction tickets through its online portal.