Where Allegiant Travel Stands With Analysts
Portfolio Pulse from Benzinga Insights
Over the past 3 months, 7 Wall Street analysts have published their opinions on Allegiant Travel (NASDAQ:ALGT), with 1 bullish, 2 somewhat bullish, and 4 indifferent ratings. The current average price target is $96.86, which is a 14.5% decrease from the previous target of $113.29, but still implies an upside from the current price of $73.096. Analysts' ratings are updated quarterly and are based on financial statements, meetings, and insider information.
December 13, 2023 | 7:00 pm
News sentiment analysis
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POSITIVE IMPACT
Allegiant Travel has received a mix of ratings from analysts, with the majority being indifferent. The average price target suggests a potential upside from the current stock price, despite a recent decrease in target price.
The average price target above the current stock price suggests that analysts see potential for growth, which could lead to a positive short-term impact on ALGT's stock price. However, the decrease in the target price and the predominance of indifferent ratings indicate that the upside might be limited, hence the importance is not at the maximum. The confidence level is high due to the direct correlation between analyst ratings and stock price movements, but not absolute due to the mixed nature of the ratings.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100