Allegiant Travel (NASDAQ:ALGT) Price Target Raised to $114.00 at Citigroup

Allegiant Travel (NASDAQ:ALGT) had its price target lifted by analysts at Citigroup from $109.00 to $114.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the transportation company’s stock. Citigroup’s price objective would indicate a potential upside of 14.67% from the stock’s previous close.

Several other research analysts also recently commented on ALGT. Wolfe Research raised shares of Allegiant Travel from a “peer perform” rating to an “outperform” rating and set a $108.00 price objective for the company in a report on Tuesday, January 20th. Zacks Research cut Allegiant Travel from a “strong-buy” rating to a “hold” rating in a report on Monday. Evercore ISI lifted their target price on Allegiant Travel from $120.00 to $125.00 and gave the company an “outperform” rating in a report on Thursday. Barclays increased their price target on shares of Allegiant Travel from $60.00 to $95.00 and gave the stock an “equal weight” rating in a report on Monday, January 12th. Finally, Morgan Stanley raised their price objective on shares of Allegiant Travel from $85.00 to $100.00 and gave the company an “equal weight” rating in a research report on Thursday. Four investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $99.27.

Allegiant Travel Stock Performance

Shares of Allegiant Travel stock traded down $0.44 on Thursday, reaching $99.42. 950,508 shares of the company traded hands, compared to its average volume of 583,979. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.98 and a quick ratio of 0.95. The company has a 50 day moving average of $86.50 and a 200 day moving average of $69.94. Allegiant Travel has a 52 week low of $39.80 and a 52 week high of $104.10. The firm has a market capitalization of $1.82 billion, a PE ratio of -6.10, a PEG ratio of 0.25 and a beta of 1.64.

Allegiant Travel (NASDAQ:ALGT) last issued its quarterly earnings results on Tuesday, November 4th. The transportation company reported ($2.09) EPS for the quarter, missing analysts’ consensus estimates of ($1.84) by ($0.25). Allegiant Travel had a negative net margin of 11.36% and a positive return on equity of 5.24%. The firm had revenue of $561.93 million for the quarter, compared to analysts’ expectations of $575.13 million. During the same period in the prior year, the company earned ($2.02) EPS. The firm’s quarterly revenue was down .1% on a year-over-year basis. Equities analysts forecast that Allegiant Travel will post 7.7 earnings per share for the current year.

Institutional Trading of Allegiant Travel

Several hedge funds have recently added to or reduced their stakes in ALGT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Allegiant Travel by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,202 shares of the transportation company’s stock worth $475,000 after purchasing an additional 394 shares during the last quarter. State of Alaska Department of Revenue boosted its position in Allegiant Travel by 6.9% during the 2nd quarter. State of Alaska Department of Revenue now owns 8,619 shares of the transportation company’s stock valued at $473,000 after buying an additional 560 shares during the period. KLP Kapitalforvaltning AS grew its holdings in Allegiant Travel by 887.5% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 7,900 shares of the transportation company’s stock worth $434,000 after acquiring an additional 7,100 shares during the last quarter. Inspire Investing LLC increased its position in shares of Allegiant Travel by 6.0% in the second quarter. Inspire Investing LLC now owns 7,094 shares of the transportation company’s stock valued at $390,000 after acquiring an additional 400 shares during the period. Finally, U S Global Investors Inc. increased its position in shares of Allegiant Travel by 4.3% in the second quarter. U S Global Investors Inc. now owns 430,153 shares of the transportation company’s stock valued at $23,637,000 after acquiring an additional 17,753 shares during the period. 85.81% of the stock is owned by institutional investors.

Allegiant Travel News Summary

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

• Positive Sentiment: Company beat adjusted Q4 estimates and reported stronger-than-expected airline-only results (adjusted airline-only EPS $2.72; revenue ~$656M), which supports the view of improving demand. Read More.
• Positive Sentiment: Management raised guidance: Q1 2026 EPS guide of $2.50–$3.50 (vs. consensus ~2.27) and FY2026 EPS guide of ~8.00 (above consensus ~7.27), giving investors forward earnings upside to model. Read More.
• Positive Sentiment: Multiple outlets cite strong demand trends heading into 2026 and optimistic commentary from management about momentum, which underpins the guidance raise. Read More.
• Neutral Sentiment: Analysts are updating models — Morgan Stanley raised its price target to $100 with an “equal weight” rating (small upside from current levels), reflecting mixed views on valuation vs. operational improvement. Read More.
• Neutral Sentiment: Full earnings call and transcripts are available for investors wanting detail on network plans, fleet investment and revenue drivers. Read More.
• Negative Sentiment: GAAP metrics disappointed in places: GAAP Q4 diluted EPS was $1.73 and full-year GAAP loss was $(2.48), which raises caution for investors relying on GAAP profitability. Read More.
• Negative Sentiment: Cash flow and margin pressures: third‑party reports flag operating cash outflow, heavier capex (notably aircraft purchases), and lower operating profit/net income versus prior year — factors that can pressure the share price despite adjusted beats. Read More.
• Negative Sentiment: Some sell-side caution: Zacks downgraded ALGT from strong-buy to hold, signaling analyst hesitation despite the beat and guidance. Read More.

Allegiant Travel Company Profile

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.