Brokerages Set Allegiant Travel Company (NASDAQ:ALGT) Target Price at $102.70

Shares of Allegiant Travel Company (NASDAQ:ALGT) have been assigned an average recommendation of “Hold” from the twelve analysts that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $102.70.

ALGT has been the subject of several recent research reports. Wolfe Research raised shares of Allegiant Travel from a “peer perform” rating to an “outperform” rating and set a $108.00 price target for the company in a research report on Tuesday, January 20th. Weiss Ratings reissued a “sell (d)” rating on shares of Allegiant Travel in a research report on Wednesday, January 21st. Morgan Stanley increased their price target on shares of Allegiant Travel from $85.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 5th. Citigroup dropped their price target on shares of Allegiant Travel from $114.00 to $98.00 and set a “neutral” rating for the company in a research report on Friday, March 20th. Finally, Susquehanna reaffirmed a “positive” rating and set a $110.00 price objective on shares of Allegiant Travel in a report on Friday, February 6th.

Allegiant Travel Stock Performance

NASDAQ:ALGT opened at $74.90 on Wednesday. Allegiant Travel has a 12-month low of $42.56 and a 12-month high of $118.00. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 1.52. The firm has a market capitalization of $1.38 billion, a PE ratio of -37.45, a price-to-earnings-growth ratio of 0.34 and a beta of 1.50. The firm has a 50-day moving average price of $81.26 and a 200 day moving average price of $84.25.

Allegiant Travel (NASDAQ:ALGT) last posted its quarterly earnings results on Thursday, April 30th. The transportation company reported $3.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.40 by $0.37. Allegiant Travel had a negative net margin of 1.30% and a positive return on equity of 10.07%. The firm had revenue of $732.43 million during the quarter, compared to analyst estimates of $711.01 million. During the same quarter in the prior year, the business posted $2.11 earnings per share. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. Allegiant Travel has set its Q2 2026 guidance at -1.000–0.000 EPS. Research analysts anticipate that Allegiant Travel will post 4.07 earnings per share for the current fiscal year.

Allegiant Travel News Roundup

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

• Negative Sentiment: Zacks Research cut its earnings forecasts for multiple near-term periods, including Q2 2026, Q3 2026, Q4 2026, Q1 2027, Q2 2027, and FY2026, signaling softer expected profits ahead for Allegiant Travel. MarketBeat ALGT report
• Negative Sentiment: The firm also lowered its FY2028 estimate for Allegiant Travel (ALGT), suggesting analysts see less upside in the longer-term earnings trajectory than before. MarketBeat ALGT report
• Neutral Sentiment: Zacks kept a Hold rating on the stock, indicating no major change in its overall stance despite the estimate changes. MarketBeat ALGT report
• Positive Sentiment: A Wall Street Journal report said budget carriers are moving into Spirit Airlines’ former routes and airport slots, with Allegiant named as one of the airlines potentially benefiting from the industry reshuffle. WSJ article

Institutional Trading of Allegiant Travel

Hedge funds have recently modified their holdings of the company. Parallel Advisors LLC increased its holdings in shares of Allegiant Travel by 339.6% during the first quarter. Parallel Advisors LLC now owns 488 shares of the transportation company’s stock worth $40,000 after buying an additional 377 shares in the last quarter. Hantz Financial Services Inc. increased 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 buying an additional 442 shares in the last quarter. Signaturefd LLC increased its holdings in shares of Allegiant Travel by 27.3% during the fourth quarter. Signaturefd LLC now owns 546 shares of the transportation company’s stock worth $47,000 after buying an additional 117 shares in the last quarter. AlphaQuest LLC increased its holdings in shares of Allegiant Travel by 119.2% during the third quarter. AlphaQuest LLC now owns 1,120 shares of the transportation company’s stock worth $68,000 after buying an additional 609 shares in the last quarter. Finally, iSAM Funds UK Ltd acquired a new stake in shares of Allegiant Travel during the third quarter worth approximately $69,000. Institutional investors and hedge funds own 85.81% of the company’s stock.

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.