Summary:
- Spirit Airlines has appointed Dave Davis as CEO, post-bankruptcy, with a $350 million investment strategy.
- Analysts offer a one-year average price target of $1.71 for Spirit Airlines, representing significant upside potential.
- GuruFocus estimates a GF Value of $14.26, indicating a substantial increase opportunity compared to the current price.
Spirit Airlines (OTC:SAVEQ) has announced a strategic leadership change as it emerges from Chapter 11 bankruptcy, appointing Dave Davis, the former CFO of Sun Country, as its new CEO. With a robust plan to restore profitability, Davis is backed by a $350 million investment. His strategy focuses on service enhancement and attracting premium customers, setting the stage for Spirit Airlines' potential recovery.
Wall Street Analysts Forecast
According to predictions from seven financial analysts, Spirit Airlines Inc (SAVEQ, Financial) has an average one-year price target of $1.71. The forecast features a high estimate of $3.00 and a low estimate of $0.50. This average target suggests a promising upside of 268.66% from the current trading price of $0.47. Further insights into these price targets can be found on the Spirit Airlines Inc (SAVEQ) Forecast page.
Analyzing the consensus from 10 brokerage firms, Spirit Airlines Inc (SAVEQ, Financial) carries an average recommendation of 3.8. This rating reflects an "Underperform" status on a scale where 1 represents a Strong Buy and 5 signals a Sell.
Moreover, based on GuruFocus estimates, the anticipated GF Value for Spirit Airlines Inc (SAVEQ, Financial) in the upcoming year is $14.26. This implies a remarkable upside potential of 2966.67% from its current price of $0.465. The GF Value is derived from historical trading multiples and growth trends, alongside future business performance forecasts. More comprehensive data is available on the Spirit Airlines Inc (SAVEQ) Summary page.
