Allegiant Travel Stock Target Price and Analyst Consensus
| ALGT Stock | USD 61.77 0.51 0.83% |
The current analyst and expert consensus on Allegiant Travel is Buy with 7 hold recommendations. The current projected Allegiant Travel target price consensus is 101.70 with 11 analyst opinions. One of the most common ways Allegiant Travel analysts use to provide buy-or-sell recommendation to the public are conference calls analysis and financial statements evaluations. Some experts can also talk to Allegiant Travel vendors, executives, and/or customers. Allegiant Travel recommendation module provides expert sentiment on the projected Allegiant Travel target price to derive its highest and lowest estimates based on target price standard deviation of 0.0. Check out Macroaxis Advice on Allegiant Travel to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon. For more information on how to buy Allegiant Stock please use our How to Invest in Allegiant Travel guide.
Lowest Forecast 92.55 | Highest Forecast 112.89 | Target Price 101.7 |
Allegiant |
It's important to approach Allegiant Travel's target price projections with caution. While they can be useful as part of a broader investment strategy, they are inherently speculative and subject to various kinds of risk, including market volatility and unforeseen external factors. Always consider multiple aspects and do your own research when making investment decisions.
Allegiant Travel Target Price Consensus
We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Allegiant target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. Allegiant Travel's target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
| 11 | Buy |
Most Allegiant analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to help potential investors understand Allegiant stock's fair price compared to its market value. Analysts arrive at stock ratings after researching the public financial statements of Allegiant Travel, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice Exposure ValuationAllegiant Travel Target Price Projection
Allegiant Travel's current and average target prices are 61.77 and 101.70, respectively. The current price of Allegiant Travel is the price at which Allegiant Travel is currently trading. On the other hand, Allegiant Travel's target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.Current Price
Allegiant Travel Market Quote on 18th of April 2024
Target Price
Analyst Consensus On Allegiant Travel Target Price
Allegiant Travel Analyst Ratings
Allegiant Travel's analyst stock recommendations are determined by taking an average estimate of all analysts we track and classifying them as Strong Buy, Buy, Hold, Strong Sell, or Sell. Ratings generally communicate what analysts sense about Allegiant Travel stock, and they use a lot of effort and time to analyze it and arrive at a rating. That suggests that analyst recommendations are the outcome of an objective and thorough examination of Allegiant Travel's financials, market performance, and future outlook by experienced professionals. Allegiant Travel's historical ratings below, therefore, can serve as a valuable tool for investors.Analyst Consensus Breakdown
Average Consensus Estimates
Analysts determine stock price targets through various methods, including financial modeling, peer comparison, and company analysis. The stock price target is the analyst's best estimate of the future price of a stock and is used by investors to make investment decisions. However, it is important to note that stock price targets are not guaranteed, and the actual price of a stock can differ significantly from the target due to various factors such as market conditions, economic events, and company developments.
Steps to utilize Allegiant Travel price targets
Allegiant Travel's stock target price is an estimate of its future price, usually made by analysts. Using Allegiant Travel's target price to determine if it is a suitable investment can be done through the following steps:- Look at Allegiant Travel's target prices provided by various analysts and compare them. This can help you gain a more balanced view of the Stock's potential.
- Look at the analyst's track record to determine if they have a history of accurately predicting stock prices.
- Look at the Company's financials, including revenue, earnings, and debt, to determine if it is in good financial health.
- Consider market conditions. For example, take into account the state of the economy, competition, and regulatory environment, to determine if Allegiant Travel's stock is likely to perform well.
- Diversify your portfolio and do not rely solely on stock target prices to make investment decisions. Invest in a mix of stocks, bonds, and other assets to manage risk.
Additional Allegiant Travel Value Projection Modules
Most investment researchers agree that the mispricing and readjustment of any Stock value happens often and is sometimes even predictable, but there is no strong theory explaining why it happens. The current price of Allegiant Travel is a key component of Allegiant Travel valuation and have some predictive power on the future returns of a Allegiant Travel.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Allegiant Travel's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Trending Themes
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Check out Macroaxis Advice on Allegiant Travel to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon. For more information on how to buy Allegiant Stock please use our How to Invest in Allegiant Travel guide.Note that the Allegiant Travel information on this page should be used as a complementary analysis to other Allegiant Travel's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
Complementary Tools for Allegiant Stock analysis
When running Allegiant Travel's price analysis, check to measure Allegiant Travel's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Allegiant Travel is operating at the current time. Most of Allegiant Travel's value examination focuses on studying past and present price action to predict the probability of Allegiant Travel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Allegiant Travel's price. Additionally, you may evaluate how the addition of Allegiant Travel to your portfolios can decrease your overall portfolio volatility.
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The data published in Allegiant Travel's official financial statements usually reflect Allegiant Travel's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Allegiant Travel. For example, before you start analyzing numbers published by Allegiant accountants, it's critical to develop an understanding of what Allegiant Travel's liquidity, profitability, and earnings quality are in the context of the Passenger Airlines space in which it operates.
Please note, the presentation of Allegiant Travel's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Allegiant Travel's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Allegiant Travel's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Allegiant Travel. Please utilize our Beneish M Score to check the likelihood of Allegiant Travel's management manipulating its earnings.