Analysts Set Allegiant Travel Company (NASDAQ:ALGT) PT at $128.08

Allegiant Travel Company (NASDAQ:ALGT) has been assigned an average rating of “Moderate Buy” from the fifteen brokerages that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $128.0769.

A number of research firms recently weighed in on ALGT. Melius Research upgraded shares of Allegiant Travel from a “hold” rating to a “buy” rating and set a $160.00 target price on the stock in a research note on Tuesday, July 7th. Morgan Stanley increased their target price on Allegiant Travel from $100.00 to $115.00 and gave the company an “equal weight” rating in a research report on Monday, July 6th. Citigroup raised Allegiant Travel from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $98.00 to $156.00 in a research note on Friday, June 26th. The Goldman Sachs Group boosted their price objective on shares of Allegiant Travel from $125.00 to $142.00 and gave the company a “buy” rating in a research report on Thursday, July 2nd. Finally, Barclays assumed coverage on shares of Allegiant Travel in a research report on Wednesday, July 8th. They issued an “overweight” rating and a $145.00 price objective on the stock.

Key Allegiant Travel News

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

• Positive Sentiment: Allegiant will begin offering complimentary beverages on all flights starting Aug. 1, 2026, and plans to introduce “Allegiant First” premium seating on select aircraft in spring 2027. The initiatives may improve customer satisfaction, strengthen the airline’s competitive position and create opportunities for higher ancillary revenue. Allegiant Adds Free Drinks, Introduces New Class of Premium Seating
• Neutral Sentiment: Zacks Research maintained a “Hold” rating. Its forecasts indicate improving profitability beyond 2026, with projected EPS of $7.53 for fiscal 2026, $12.83 for fiscal 2027 and $12.97 for fiscal 2028. However, these are estimates rather than new company guidance and do not represent a meaningful change in the investment view.
• Negative Sentiment: Zacks said Allegiant Travel does not currently have the combination of factors typically associated with a likely earnings beat in its upcoming report. That caution may be weighing on the stock ahead of results, particularly because estimates point to uneven quarterly performance, including projected EPS of only $0.10 in the third quarter of 2026. Allegiant Travel Earnings Expected to Grow: Should You Buy?
• Negative Sentiment: The complimentary beverage program and upgraded seating will likely increase operating and service costs before their financial benefits are proven. With Allegiant already carrying elevated leverage and recent profitability pressure, investors may remain focused on whether the new offerings can generate sufficient demand and pricing power.

Institutional Investors Weigh In On Allegiant Travel

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Louisiana State Employees Retirement System bought a new stake in Allegiant Travel during the 1st quarter valued at $486,000. Landscape Capital Management L.L.C. purchased a new stake in shares of Allegiant Travel during the fourth quarter valued at about $5,031,000. U S Global Investors Inc. lifted its position in Allegiant Travel by 5.1% during the first quarter. U S Global Investors Inc. now owns 299,225 shares of the transportation company’s stock valued at $24,249,000 after acquiring an additional 14,540 shares during the last quarter. First Eagle Investment Management LLC purchased a new stake in shares of Allegiant Travel during the 4th quarter valued at $3,866,000. Finally, GSA Capital Partners LLP purchased a new stake in Allegiant Travel in the fourth quarter valued at about $973,000. Institutional investors own 85.81% of the company’s stock.

Allegiant Travel Stock Down 5.8%

NASDAQ ALGT opened at $95.69 on Monday. Allegiant Travel has a 52 week low of $42.56 and a 52 week high of $123.63. 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 company has a market capitalization of $1.76 billion, a P/E ratio of -47.84, a price-to-earnings-growth ratio of 0.26 and a beta of 1.51. The stock’s 50-day moving average price is $99.01 and its 200-day moving average price is $92.00.

Allegiant Travel (NASDAQ:ALGT) last announced its quarterly earnings data on Thursday, April 30th. The transportation company reported $3.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.40 by $0.37. The company had revenue of $732.43 million during the quarter, compared to the consensus estimate of $711.01 million. Allegiant Travel had a positive return on equity of 10.07% and a negative net margin of 1.30%.The firm’s revenue was up 4.8% on a year-over-year basis. During the same period in the previous year, the company posted $2.11 EPS. On average, equities research analysts predict that Allegiant Travel will post 7.5 earnings per share for the current year.

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.