Allegiant Travel (NASDAQ:ALGT) Shares Up 17% Following Analyst Upgrade

Allegiant Travel Company (NASDAQ:ALGT) was up 17% on Friday after Citigroup raised their price target on the stock from $109.00 to $114.00. Citigroup currently has a neutral rating on the stock. Allegiant Travel traded as high as $116.39 and last traded at $116.2950. Approximately 630,678 shares traded hands during mid-day trading, an increase of 8% from the average daily volume of 583,493 shares. The stock had previously closed at $99.42.

Several other analysts have also recently issued reports on the company. Weiss Ratings restated a “sell (d)” rating on shares of Allegiant Travel in a report on Wednesday, January 21st. Barclays lifted their price target on Allegiant Travel from $60.00 to $95.00 and gave the stock an “equal weight” rating in a report on Monday, January 12th. Wolfe Research raised shares of Allegiant Travel from a “peer perform” rating to an “outperform” rating and set a $108.00 price objective for the company in a report on Tuesday, January 20th. Deutsche Bank Aktiengesellschaft upgraded shares of Allegiant Travel from a “hold” rating to a “buy” rating and set a $105.00 price objective for the company in a research report on Friday, December 12th. Finally, Susquehanna boosted their target price on shares of Allegiant Travel from $70.00 to $100.00 and gave the company a “neutral” rating in a report on Friday, January 9th. Five investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $100.18.

Key Stories Impacting Allegiant Travel

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

• Positive Sentiment: Q4 beat and upbeat 2026 outlook: Allegiant reported stronger-than-expected Q4 results and management forecasted robust 2026 growth, which is the primary driver of the rally. These results and the growth outlook signal improving demand and profitability. Investing.com: Allegiant Travel beats Q4 estimates, forecasts strong 2026 growth
• Positive Sentiment: Material earnings surprise on EPS: Street coverage (Zacks) shows Allegiant topped Q4 EPS and revenue estimates, with reported EPS well above consensus — reinforcing the perception of operational strength. Zacks: ALGT tops Q4 estimates
• Positive Sentiment: Positive analyst / value narrative: A Zacks feature highlighted ALGT as a strong value candidate under their style scores, likely drawing attention from value-oriented investors. Zacks: Here’s Why ALGT is a Strong Value Stock
• Neutral Sentiment: Analyst target changes but cautious ratings: Citigroup raised its price target slightly (to $114) but kept a “neutral” rating, and Morgan Stanley raised its target to $100 while maintaining an “equal weight” view — these are not bullish upgrades in conviction and reflect mixed analyst sentiment. Benzinga: analyst target notes
• Neutral Sentiment: Earnings call highlights and risk commentary: Transcripts and write-ups summarize that management signaled strength (demand trends, unit revenue improvements) but also flagged operational and cost risks — supportive but cautionary context for the beat. TipRanks: Earnings call signals strength amid risks
• Neutral Sentiment: Multiple public transcripts available: Full Q4 2025 earnings call transcripts and the investor presentation are live for deeper read-throughs if you want management detail and KPI context. Seeking Alpha: Q4 presentation and transcripts
• Neutral Sentiment: Short-interest entry appears unreliable: A recent short-interest entry in the feed shows nonsensical values (zero shares / NaN). There’s no clear evidence here of a material short squeeze — treat the short-interest data as unreliable until a clean report is posted. (No link — data appears corrupted.)

Hedge Funds Weigh In On Allegiant Travel

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in Allegiant Travel by 4.1% in the third quarter. Vanguard Group Inc. now owns 1,677,608 shares of the transportation company’s stock valued at $101,948,000 after purchasing an additional 66,596 shares during the period. Donald Smith & CO. Inc. grew its stake in shares of Allegiant Travel by 11.6% in the second quarter. Donald Smith & CO. Inc. now owns 1,506,633 shares of the transportation company’s stock valued at $82,789,000 after buying an additional 156,186 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Allegiant Travel by 5.7% in the third quarter. American Century Companies Inc. now owns 688,322 shares of the transportation company’s stock valued at $41,829,000 after buying an additional 37,205 shares in the last quarter. Par Capital Management Inc. raised its holdings in shares of Allegiant Travel by 11.1% in the 2nd quarter. Par Capital Management Inc. now owns 584,996 shares of the transportation company’s stock valued at $32,146,000 after buying an additional 58,566 shares during the period. Finally, Franklin Resources Inc. lifted its stake in Allegiant Travel by 15.4% during the 3rd quarter. Franklin Resources Inc. now owns 549,287 shares of the transportation company’s stock worth $33,380,000 after acquiring an additional 73,360 shares in the last quarter. Hedge funds and other institutional investors own 85.81% of the company’s stock.

Allegiant Travel Stock Up 15.5%

The company has a market capitalization of $2.10 billion, a PE ratio of -44.67, a PEG ratio of 0.23 and a beta of 1.64. The company has a current ratio of 0.98, a quick ratio of 0.95 and a debt-to-equity ratio of 1.76. The business has a fifty day moving average of $87.75 and a 200 day moving average of $70.59.

Allegiant Travel (NASDAQ:ALGT) last issued its quarterly earnings results on Tuesday, November 4th. The transportation company reported ($2.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.84) by ($0.25). Allegiant Travel had a positive return on equity of 6.60% and a negative net margin of 1.71%.The business had revenue of $561.93 million for the quarter, compared to analysts’ expectations of $575.13 million. During the same quarter last year, the company earned ($2.02) earnings per share. The firm’s revenue for the quarter was down .1% on a year-over-year basis. Equities research analysts anticipate that Allegiant Travel Company will post 7.7 EPS for the current year.

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.