Allegiant Travel Company (NASDAQ:ALGT) Receives $127.00 Consensus Target Price from Brokerages

Allegiant Travel Company (NASDAQ:ALGT) has been given a consensus recommendation of “Moderate Buy” by the fifteen research firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $128.3846.

Several analysts have commented on ALGT shares. Zacks Research upgraded shares of Allegiant Travel from a “hold” rating to a “strong-buy” rating in a report on Monday, August 17th. Melius Research raised Allegiant Travel from a “hold” rating to a “buy” rating and set a $160.00 target price for the company in a research report on Tuesday, July 7th. Citigroup upgraded Allegiant Travel from a “neutral” rating to a “buy” rating and raised their target price for the company from $98.00 to $156.00 in a research note on Friday, June 26th. The Goldman Sachs Group lifted their price target on Allegiant Travel from $125.00 to $142.00 and gave the company a “buy” rating in a research report on Thursday, July 2nd. Finally, Raymond James Financial raised Allegiant Travel from an “outperform” rating to a “strong-buy” rating and reduced their price target for the stock from $138.00 to $116.00 in a research note on Monday.

Institutional Trading of Allegiant Travel

A number of hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. bought a new position in shares of Allegiant Travel in the 2nd quarter worth about $416,591,000. Donald Smith & CO. Inc. bought a new stake in Allegiant Travel during the second quarter worth about $175,636,000. California State Teachers Retirement System grew its holdings in Allegiant Travel by 18,653.3% in the second quarter. California State Teachers Retirement System now owns 886,469 shares of the transportation company’s stock worth $104,249,000 after purchasing an additional 881,742 shares during the period. Bank of New York Mellon Corp purchased a new stake in Allegiant Travel in the second quarter worth about $33,013,000. Finally, Wellington Management Group LLP bought a new position in shares of Allegiant Travel during the second quarter valued at approximately $26,232,000. 85.81% of the stock is owned by hedge funds and other institutional investors.

Allegiant Travel Trading Down 2.8%

NASDAQ ALGT opened at $80.31 on Friday. The stock has a market cap of $2.20 billion, a P/E ratio of 56.96, a price-to-earnings-growth ratio of 0.24 and a beta of 1.53. Allegiant Travel has a fifty-two week low of $57.11 and a fifty-two week high of $123.63. The stock has a 50 day simple moving average of $99.42 and a two-hundred day simple moving average of $91.63. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.80 and a current ratio of 0.83.

Allegiant Travel (NASDAQ:ALGT) last posted its earnings results on Tuesday, August 4th. The transportation company reported $2.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.92. The firm had revenue of $943.49 million for the quarter, compared to analysts’ expectations of $982.70 million. Allegiant Travel had a return on equity of 10.83% and a net margin of 0.90%.The business’s revenue was up 36.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.23 earnings per share. Allegiant Travel has set its Q3 2026 guidance at -1.000–0.000 EPS. On average, analysts forecast that Allegiant Travel will post 6.83 earnings per share for the current year.

Trending Headlines about Allegiant Travel

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

• Positive Sentiment: Zacks raised its FY2026 EPS estimate to $8.07 from $7.53 and its FY2028 estimate to $13.25 from $12.97, signaling improved longer-term earnings expectations.
• Positive Sentiment: Estimates also increased for Q1 2027, to $2.66 from $1.58; Q2 2027, to $2.56 from $2.05; and Q1 2028, to $2.96 from $2.61.
• Neutral Sentiment: Zacks reiterated its “Strong-Buy” rating on ALGT. The current-year consensus EPS estimate is $6.83, although another estimate cited in the reports was $6.95.
• Negative Sentiment: Zacks cut its Q3 2026 EPS forecast to $0.00 from $0.10 and reduced its Q4 2026 estimate to $2.11 from $2.42, pointing to weaker near-term earnings momentum.
• Negative Sentiment: Forecasts were lowered for FY2027, to $11.27 from $12.83; Q3 2027, to $2.90 from $3.96; Q4 2027, to $3.15 from $5.24; and Q2 2028, to $2.92 from $3.16. These cuts are significant and may weigh more heavily on valuation than the upward revisions to earlier periods.

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.