Raymond James analyst Savanthi Syth maintains $Southwest Airlines (LUV.US)$ with a buy rating, and maintains the target price at $40.
According to TipRanks data, the analyst has a success rate of 51.2% and a total average return of 7.4% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Southwest Airlines (LUV.US)$'s main analysts recently are as follows:
Expectations are elevated as we enter the reporting season, with a strong probability that airlines will announce robust fourth-quarter results, potentially surpassing or aligning with the higher end of their mid-quarter projections. Analysts suggest that airlines which exceed consensus revenue per available seat mile (RASM) forecasts could be favorably received this season, boosting confidence in their potential to meet 2025 expectations. There is minimal tolerance for underperformance.
The analysis indicates that post-election demand in the airlines and lodging sectors recovered more swiftly and robustly than initially anticipated. This uptick was further supported by the shorter span between Thanksgiving and peak holiday seasons, alongside a surge in end-of-year corporate travel activities, contributing to stronger results.
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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