Key Takeaways:
- Spirit Airlines (OTC:SAVEQ) will trade on the NYSE American as FLYY from April 29, signaling strategic growth.
- Analyst price targets suggest a potential upside of over 268.66% from its current price.
- The GuruFocus estimated GF Value projects an upside of 2966.67%.
Spirit Airlines (OTC:SAVEQ) is poised to make a significant transition by initiating the trading of its common stock under the new symbol FLYY on the NYSE American. This strategic move, shaped under the leadership of the newly appointed CEO, Dave Davis, aims to bolster the airline's profitability and foster its future growth trajectory.
Wall Street Analysts' Insights
According to projections from seven analysts, the average one-year price target for Spirit Airlines Inc (SAVEQ, Financial) is currently $1.71. This suggests a high estimate of $3.00 and a low of $0.50. With the current stock price at $0.47, these predictions imply a remarkable potential upside of 268.66%. For more elaborate details, investors can explore the Spirit Airlines Inc (SAVEQ) Forecast page.
The general sentiment from ten brokerage firms gives the airline an average recommendation score of 3.8, classifying it as "Underperform." This recommendation scale ranges between 1 (Strong Buy) to 5 (Sell).
GuruFocus Insights
Utilizing GuruFocus metrics, the estimated GF Value for Spirit Airlines Inc (SAVEQ, Financial) in the upcoming year is $14.26. This estimation indicates a staggering potential upside of 2966.67% from the current price of $0.465. This GF Value reflects the stock's theoretical fair value, rooted in historical trading multiples, past business growth, and future performance estimates. Additional insights can be found on the Spirit Airlines Inc (SAVEQ) Summary page.
