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.

A number of other research firms have also commented on ALGT. Susquehanna raised their price objective on Allegiant Travel from $70.00 to $100.00 and gave the stock a “neutral” rating in a research note on Friday, January 9th. Weiss Ratings restated a “sell (d)” rating on shares of Allegiant Travel in a research report on Wednesday, January 21st. UBS Group upped their price objective on shares of Allegiant Travel from $90.00 to $102.00 and gave the stock a “neutral” rating in a research report on Thursday. Raymond James Financial downgraded shares of Allegiant Travel from a “strong-buy” rating to an “outperform” rating and increased their price objective for the stock from $78.00 to $98.00 in a research note on Friday, December 19th. Finally, Wolfe Research upgraded shares of Allegiant Travel from a “peer perform” rating to an “outperform” rating and set a $108.00 target price for the company in a research report on Tuesday, January 20th. Five equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $100.18.

Allegiant Travel News Roundup

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

• Positive Sentiment: Adjusted Q4 beat and revenue upside — Allegiant reported adjusted airline-only EPS of $2.72 (vs. consensus ~ $2.01) and revenue of $656.2M (above some estimates). Management also pointed to meaningful momentum exiting 2025. ALLEGIANT TRAVEL COMPANY FOURTH QUARTER AND FULL-YEAR 2025 FINANCIAL RESULTS
• Positive Sentiment: Raised guidance — Allegiant bumped Q1 2026 EPS guidance to $2.50–$3.50 (vs. consensus ~ $2.27) and FY2026 guidance to about $8.00+ (vs. consensus ~ $7.27), giving investors a clearer path to higher full‑year profitability. Earnings / Guidance Details
• Positive Sentiment: Earnings-call tone supportive — Transcripts and analyst notes highlight strong demand trends and management confidence, which helped push sentiment post-release. Earnings Call Signals Strength Amid Risks
• Neutral Sentiment: Analyst target changes are mixed — Citigroup raised its price target to $114 (neutral rating) while Morgan Stanley moved its target to $100 (equal weight). Market opinion remains split despite the beat. Analyst Target Moves
• Neutral Sentiment: Zacks highlights value attributes — screens and style scores are pointing to ALGT as a strong value play for some investors, supporting interest from value-oriented funds. Here’s Why Allegiant Travel (ALGT) is a Strong Value Stock
• Negative Sentiment: GAAP and cash-flow softness — GAAP diluted EPS was $1.73 (below some estimates), operating profit and net income declined YoY, operating cash flow was negative and capex jumped as the company invests in fleet — items that could pressure near-term free cash flow. ALGT stock falls on Q4 2025 Earnings
• Negative Sentiment: Mixed analyst coverage and price-target dispersion — while some firms upgraded or issued outperform views, the six‑month median target (~$95) and a handful of underperform calls mean downside remains if results or demand slow. Analyst Ratings & Targets

Institutional Trading of Allegiant Travel

A number of hedge funds have recently made changes to their positions in ALGT. Hantz Financial Services Inc. grew its holdings in shares of Allegiant Travel by 442.0% during the third quarter. Hantz Financial Services Inc. now owns 542 shares of the transportation company’s stock worth $33,000 after purchasing an additional 442 shares during the last quarter. Signaturefd LLC boosted its position in Allegiant Travel by 27.3% during the 4th quarter. Signaturefd LLC now owns 546 shares of the transportation company’s stock worth $47,000 after buying an additional 117 shares during the period. Steward Partners Investment Advisory LLC grew its holdings in Allegiant Travel by 28.3% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 930 shares of the transportation company’s stock worth $51,000 after acquiring an additional 205 shares during the last quarter. AlphaQuest LLC increased its position in Allegiant Travel by 119.2% in the 3rd quarter. AlphaQuest LLC now owns 1,120 shares of the transportation company’s stock valued at $68,000 after acquiring an additional 609 shares during the period. Finally, iSAM Funds UK Ltd bought a new position in shares of Allegiant Travel during the third quarter valued at $69,000. 85.81% of the stock is owned by institutional investors and hedge funds.

Allegiant Travel Trading Up 14.8%

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 company has a market cap of $2.09 billion, a price-to-earnings ratio of -44.45, a price-to-earnings-growth ratio of 0.27 and a beta of 1.64. The business’s fifty day moving average price is $86.93 and its 200 day moving average price is $70.15.

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

About Allegiant Travel

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.