- Allegiant Travel Company's (ALGT, Financial) passenger growth in March shows a significant increase of 14.4%, signaling robust demand.
- Analysts' price targets imply a substantial potential upside, with a 66.27% increase from current levels.
- GuruFocus estimates a remarkable 140% upside based on the GF Value, highlighting potential long-term investment value.
Allegiant Travel Company (ALGT) recorded a noteworthy performance in March, with a 14.4% increase in scheduled service passengers, reaching nearly 1.9 million. Furthermore, revenue passenger miles surged by almost 16%, while available seat miles expanded by over 20%. During the first quarter, the company saw an 8.6% increase in passengers, boosting revenue passenger miles by 10%.
Analyst Forecasts and Potential Upside
The one-year price targets from 11 analysts present an average target price for Allegiant Travel Co (ALGT, Financial) at $68.45, with potential highs reaching $125.00 and lows at $35.00. This average target indicates a 66.27% upside from the current price of $41.17. Investors looking for more comprehensive analysis can visit the Allegiant Travel Co (ALGT) Forecast page for detailed estimates.
Brokerage Recommendations and Investor Sentiment
The consensus among 14 brokerage firms rates Allegiant Travel Co (ALGT, Financial) with an average recommendation of 2.9, categorizing it as a "Hold." The rating scale ranges from 1 (Strong Buy) to 5 (Sell), providing a neutral stance on the stock's immediate prospects.
Long-term Valuation Insights
According to GuruFocus' valuation, the estimated GF Value for Allegiant Travel Co (ALGT, Financial) in the next year is $98.81. This suggests a robust upside of 140% from the current market price of $41.17. The GF Value represents GuruFocus’ assessment of a stock's fair market value, derived from historical trading multiples, past business growth, and future business performance projections. For a broader perspective, refer to the Allegiant Travel Co (ALGT) Summary page for more detailed insights.
