In-Depth Examination Of 8 Analyst Recommendations For Spirit Airlines
Portfolio Pulse from Benzinga Insights
Spirit Airlines (NYSE:SAVE) has received 8 analyst ratings in the last three months, showing a diverse range of opinions from indifferent to bearish. The average 12-month price target for SAVE has been adjusted to $3.67, down from $6.28, indicating a 41.56% decrease. Analysts from firms including TD Cowen, Deutsche Bank, Citigroup, Susquehanna, Evercore ISI Group, and Barclays have updated their ratings and price targets, reflecting changes in market conditions and company performance. Spirit Airlines faces challenges in revenue growth, net margin, ROE, ROA, and debt management, with recent financial metrics indicating a decline in revenue and below-industry standards in profitability and asset management.
May 07, 2024 | 7:00 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Spirit Airlines has seen a diverse range of analyst ratings, with a significant decrease in the average 12-month price target. Financial challenges include revenue decline and below-industry standards in profitability and asset management.
The significant decrease in the average 12-month price target for Spirit Airlines, combined with the company's financial challenges such as revenue decline, below-industry standards in profitability, and asset management, suggests a negative short-term impact on SAVE's stock price. The diverse range of analyst ratings, with a shift towards more bearish sentiments, further supports the likelihood of a negative impact.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100