A Glimpse Into The Expert Outlook On Spirit Airlines Through 7 Analysts
Portfolio Pulse from Benzinga Insights
In the last three months, 7 analysts have published ratings on Spirit Airlines (NYSE:SAVE), with a majority being somewhat bearish or bearish. The average 12-month price target has decreased by 23.36% to $2.46. Analysts have lowered their ratings and price targets, reflecting negative sentiment towards the company's financial performance.
August 16, 2024 | 3:00 pm
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NEGATIVE IMPACT
Spirit Airlines has received predominantly bearish ratings from analysts over the past three months. The average 12-month price target has decreased by 23.36% to $2.46, indicating negative sentiment. Analysts have lowered their ratings and price targets, reflecting concerns over the company's financial performance, including a decline in revenue, low net margin, and high debt-to-equity ratio.
The majority of analysts have given Spirit Airlines bearish ratings, and the average price target has significantly decreased. This reflects negative sentiment due to the company's financial struggles, including declining revenue, low net margin, and high debt levels. These factors are likely to put downward pressure on the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100