Allegiant Travel (NASDAQ:ALGT) Given New $114.00 Price Target at Citigroup

Allegiant Travel (NASDAQ:ALGT) had its price target raised by Citigroup from $109.00 to $114.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a neutral rating on the transportation company’s stock.

Several other brokerages have also issued reports on ALGT. Zacks Research lowered Allegiant Travel from a “strong-buy” rating to a “hold” rating in a report on Monday. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Allegiant Travel in a research report on Wednesday, January 21st. Wolfe Research upgraded Allegiant Travel from a “peer perform” rating to an “outperform” rating and set a $108.00 price target for the company in a report on Tuesday, January 20th. Morgan Stanley increased their price objective on Allegiant Travel from $85.00 to $100.00 and gave the stock an “equal weight” rating in a report on Thursday. Finally, Evercore ISI lifted their target price on shares of Allegiant Travel from $120.00 to $125.00 and gave the company an “outperform” rating in a research note on Thursday. Four equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Allegiant Travel has a consensus rating of “Hold” and an average target price of $99.27.

Allegiant Travel Stock Performance

ALGT stock opened at $99.42 on Thursday. The firm has a 50 day simple moving average of $86.93 and a 200 day simple moving average of $70.15. Allegiant Travel has a 52 week low of $39.80 and a 52 week high of $104.10. The stock has a market cap of $1.82 billion, a P/E ratio of -38.68, a P/E/G ratio of 0.27 and a beta of 1.64. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.95 and a current ratio of 0.98.

Allegiant Travel (NASDAQ:ALGT) last released its earnings results on Tuesday, November 4th. The transportation company reported ($2.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.84) by ($0.25). The company had revenue of $561.93 million during the quarter, compared to analysts’ expectations of $575.13 million. Allegiant Travel had a positive return on equity of 6.60% and a negative net margin of 1.71%.The firm’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($2.02) EPS. Research analysts anticipate that Allegiant Travel will post 7.7 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Allegiant Travel

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ALGT. Signaturefd LLC lifted its stake in shares of Allegiant Travel by 27.3% in the fourth quarter. Signaturefd LLC now owns 546 shares of the transportation company’s stock worth $47,000 after buying an additional 117 shares during the last quarter. Harbor Capital Advisors Inc. lifted its position in Allegiant Travel by 4.9% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 3,759 shares of the transportation company’s stock worth $228,000 after acquiring an additional 176 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in Allegiant Travel by 28.3% during the second quarter. Steward Partners Investment Advisory LLC now owns 930 shares of the transportation company’s stock valued at $51,000 after acquiring an additional 205 shares during the period. CWM LLC grew its position in shares of Allegiant Travel by 3.9% in the fourth quarter. CWM LLC now owns 6,031 shares of the transportation company’s stock valued at $514,000 after purchasing an additional 224 shares during the last quarter. Finally, Inspire Investing LLC increased its stake in shares of Allegiant Travel by 5.0% in the third quarter. Inspire Investing LLC now owns 7,451 shares of the transportation company’s stock worth $453,000 after purchasing an additional 357 shares during the period. Institutional investors and hedge funds own 85.81% of the company’s stock.

Key Allegiant Travel News

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

• Positive Sentiment: Adjusted Q4 results topped expectations — adjusted airline-only EPS of $2.72 and revenue of ~$656.2M showed underlying strength versus consensus, supporting the case for better earnings power. ALLEGIANT TRAVEL COMPANY FOURTH QUARTER AND FULL-YEAR 2025 FINANCIAL RESULTS
• Positive Sentiment: Company raised guidance — Q1 2026 EPS guide (2.50–3.50) and FY2026 EPS guide (~8.00) sit above Street consensus, giving a clearer path to materially higher earnings next year. View Press Release / Guidance
• Positive Sentiment: Some analysts raised targets — Citigroup bumped its target to $114 (neutral) and Morgan Stanley raised its target to $100 (equal weight), signaling some analysts see upside to current levels. Benzinga – Analyst Target Moves
• Neutral Sentiment: Management commentary on the earnings call emphasized demand strength but flagged execution and cost/competition risks; full transcripts are available for detail. Investors should parse remarks on capacity, fleet investment and yield trends. Allegiant (ALGT) Q4 2025 Earnings Call Transcript
• Neutral Sentiment: Market reactions are mixed across outlets — some outlets highlight outperformance on adjusted metrics while others note divergence between GAAP and adjusted figures. Review both sets of numbers when modeling. TipRanks – Earnings Call Highlights
• Negative Sentiment: GAAP results and operating cash were weaker — GAAP diluted EPS was $1.73, operating profit and net income declined year‑over‑year, and operating cash flow swung negative while capex jumped, pointing to heavier investment and near-term cash pressure. QuiverQuant – Stock Reaction & Financial Details
• Negative Sentiment: Analyst downgrades and insider selling add caution — Zacks cut its rating to hold and recent insider sell transactions were reported, which can weigh on sentiment despite the beat/guide. Zacks – Rating Change

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.