Citigroup Upgrades Allegiant Travel Company to 'Buy'
Citigroup analyst John Godyn raises Allegiant Travel's rating to 'buy' with a $156 target, a 30.76% upside from the current price.
Key Points
- Citigroup analyst John Godyn upgraded Allegiant Travel Company (NasdaqGS: ALGT) to a 'buy' with a $156 price target on June 26, 2026.
- Citigroup's $156 price target implies 30.76% upside from Allegiant Travel Company's ($ALGT) current $119.30 share price.
- Allegiant's stock traded at $113.21 on Friday, with a market cap of about $2.96 billion and a forward P/E of 10.3.
- Other analysts like Evercore ISI Group and UBS have maintained their ratings, with targets ranging from $100 to $130.
Important disclosure: Podchat is not a registered investment adviser, broker-dealer, or financial planner. This article is for informational and educational purposes only and is not a recommendation to buy, sell, or hold any security. Content may be generated by automated systems using public filings, market data, and third-party sources, and may contain errors or omissions. Investing involves risk, including possible loss of principal. Past performance, insider activity, analyst ratings, price targets, sentiment scores, and hypothetical or backtested results are not guarantees of future performance. Please do your own research and consult a qualified professional before making investment decisions.
On June 26, 2026, Citigroup analyst John Godyn upgraded Allegiant Travel Company (NasdaqGS: ALGT) to a 'buy' rating, setting a new price target of $156. Shares of Allegiant traded at $113.21 on Friday, reflecting a positive outlook from the analyst.
Citigroup vs. the S&P 500
Hypothetical, simulated performance of disclosed positions vs. the S&P 500. Not realized profit and not investment advice. Past performance does not indicate future results. Details.
Allegiant Travel Company Stock Up 51.1%
Shares of NasdaqGS:ALGT traded near $113.21 on Friday. Allegiant Travel Company, with a market cap of approximately $2.96 billion, operates in the airlines industry. The company has a forward P/E ratio of 10.3 and a beta of 1.56, indicating higher volatility compared to the market. Its 52-week range has been between $42.56 and $118.00, with a 50-day moving average of $85.03 and a 200-day moving average of $80.95. Allegiant's financial health is marked by a current ratio of 0.91 and a quick ratio of 0.81, while its debt-to-equity ratio stands at 169.13.
$ALGT price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Analysts Set New Price Targets
On June 26, 2026, Citigroup upgraded Allegiant Travel Company to a 'buy' with a $156 target. Evercore ISI Group maintained its 'buy' rating with a $130 target on June 25, while UBS held its 'hold' rating with a $103 target on June 23. Goldman Sachs reinstated a 'buy' rating with a $125 target on June 17. The consensus rating remains a 'buy' with an average target price of $105.92 among 12 analysts.
Insider Buying and Selling at Allegiant Travel Company
Recent insider transactions included sales by Jude Bricker, who sold 40,437 shares at an average price of $75.21 on May 13, 2026. Other insiders, including Thomas Kennedy, Jennifer Vogel, and Tyler Jay Hollingsworth, made smaller purchases and sales in April and May.
About Allegiant Travel Company
Allegiant Travel Company is a leisure travel business based in Las Vegas, Nevada, focusing on providing travel and leisure services to underserved cities in the U.S. The company operates a fleet of Airbus and Boeing aircraft, offering scheduled air transportation and related services. It also provides third-party travel products and operates a golf course. Founded in 1997, Allegiant is led by CEO Gregory Clark Anderson and employs around 5,666 people.
Bottom Line
Citigroup's upgrade to a 'buy' rating for Allegiant Travel Company highlights a positive sentiment toward the company's future prospects, with a significant price target increase to $156. Investors should note that analyst ratings are forward-looking and may not reflect the current market conditions. As always, it's crucial to consider these insights as part of a broader investment strategy.
Get Allegiant Travel Company alerts
New 13F filings, insider trades, and analyst moves on $ALGT, sent to your inbox. Free, and you can unsubscribe anytime.
This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.