Goldman Sachs analyst Catherine O'Brien downgrades $Allegiant Travel (ALGT.US)$ to a hold rating, and adjusts the target price from $131 to $83.
According to TipRanks data, the analyst has a success rate of 45.6% and a total average return of -6.0% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Allegiant Travel (ALGT.US)$'s main analysts recently are as follows:
It is anticipated that Allegiant Travel will experience one of the most significant enhancements in profitability within the coverage universe by 2025, compared to a challenging 2024. Nevertheless, there exists an increased execution risk concerning the prevailing assumptions for profitability enhancement.
The airline industry's fundamentals are anticipated to become considerably positive in 2025, which is expected to lead to an improved market perception for the sector. This outlook suggests that leading airlines could experience substantial share price appreciation. The fusion of enhanced airline fundamentals and investor sentiment may result in a robust surge in airline stocks as the next year approaches. It is believed that airlines with a competitive edge will continue to thrive, especially as capacity growth stabilizes, competition among low-cost carriers undergoes changes, and the leading companies in the industry further solidify their dominant positions.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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