Deep Dive Into Spirit Airlines Stock: Analyst Perspectives (4 Ratings)
Portfolio Pulse from Benzinga Insights
Spirit Airlines (NYSE:SAVE) has seen a negative shift in analyst sentiment over the last three months, with recent evaluations becoming more bearish. Four analysts have provided ratings, with the latest assessments showing 2 somewhat bearish and 2 bearish ratings. The average 12-month price target for SAVE has been significantly reduced by 60.09% to $4.25. Analysts from Barclays, Citigroup, and Susquehanna have adjusted their price targets and ratings, reflecting concerns over the company's financial performance, including a decline in revenue, below-average net margin, and challenges in debt management.
March 27, 2024 | 4:00 pm
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Spirit Airlines has experienced a notable downturn in analyst sentiment, with a significant reduction in the average 12-month price target and an increase in bearish ratings. Financial challenges such as revenue decline, poor net margin, and debt management issues have been highlighted.
The negative shift in analyst sentiment, evidenced by the reduction in price targets and the increase in bearish ratings, suggests a pessimistic outlook for Spirit Airlines' stock in the short term. The financial challenges highlighted by the analysts, including a decline in revenue and issues with debt management, further support the likelihood of a negative impact on the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100