In the preceding three months, 5 analysts have released ratings for Allegiant Travel (NASDAQ:ALGT), presenting a wide array of perspectives from bullish to bearish.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 0 | 0 | 4 | 0 | 1 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 0 | 0 | 1 | 0 | 0 |
| 2M Ago | 0 | 0 | 2 | 0 | 1 |
| 3M Ago | 0 | 0 | 0 | 0 | 0 |
Analysts’ evaluations of 12-month price targets offer additional insights, showcasing an average target of $59.6, with a high estimate of $65.00 and a low estimate of $55.00. Experiencing a 10.38% decline, the current average is now lower than the previous average price target of $66.50.
Diving into Analyst Ratings: An In-Depth Exploration
The standing of Allegiant Travel among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Helane Becker | TD Cowen | Lowers | Hold | $60.00 | $65.00 |
| Brandon Oglenski | Barclays | Lowers | Equal-Weight | $55.00 | $60.00 |
| Christopher Stathoulopoulos | Susquehanna | Lowers | Neutral | $65.00 | $76.00 |
| Brandon Oglenski | Barclays | Lowers | Equal-Weight | $60.00 | $65.00 |
| Atul Maheswari | UBS | Announces | Sell | $58.00 | – |
Key Insights:
Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they ‘Maintain’, ‘Raise’ or ‘Lower’ their stance, it reflects their reaction to recent developments related to Allegiant Travel. This information provides a snapshot of how analysts perceive the current state of the company.
Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from ‘Outperform’ to ‘Underperform’. These ratings convey expectations for the relative performance of Allegiant Travel compared to the broader market.
Price Targets: Analysts set price targets as an estimate of a stock’s future value. Comparing the current and prior price targets provides insight into how analysts’ expectations have changed over time. This information can be…
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