Goldman Sachs Upgrades Allegiant Travel Company to Buy
Goldman Sachs has reinstated Allegiant Travel Company with a Buy rating and a $125 price target, a 20.18% upside from the current price.
Key Points
- Goldman Sachs reinstated Allegiant Travel Company with a Buy rating and set a $125 price target on June 17, 2026.
- Goldman Sachs's $125 price target implies 20.18% upside from Allegiant Travel Company's ($ALGT) current $104.01 share price.
- Allegiant Travel Company, trading on NasdaqGS under ALGT, has a market cap of about $2.58 billion and a forward P/E of 8.84.
- Insider activity includes sales by Bricker Jude and purchases by other executives, reflecting mixed sentiment.
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Goldman Sachs has reinstated its coverage of Allegiant Travel Company, trading on NasdaqGS under the ticker ALGT, with a Buy rating and a price target of $125. This move, announced on June 17, 2026, suggests confidence in the airline's potential.
Other Institutional Activity in Allegiant Travel Company
Several institutional investors have recently adjusted their holdings in Allegiant Travel Company. BlackRock, Inc. increased its position by 38,908 shares, bringing its total to about 2.09 million shares valued at $169.5 million. Meanwhile, Donald Smith & Co., Inc. trimmed its stake by 29,852 shares, ending with around 1.67 million shares worth $135.2 million. T. Rowe Price Investment Management, Inc. also reduced its holdings by 64,634 shares, now holding approximately 1.21 million shares valued at $97.9 million. Vanguard Portfolio Management LLC added 944,099 shares, resulting in a total of 944,099 shares with a value of $76.5 million. American Century Companies Inc. boosted its position by 147,606 shares, reaching 871,364 shares worth $70.6 million.
Allegiant Travel Company Stock Up 31.8%
Shares of Allegiant Travel Company are trading near $98.07. The company boasts a market cap of about $2.58 billion, with a forward P/E ratio of 8.84 and a beta of 1.559, indicating some volatility. The stock's 52-week range has seen a low of $42.56 and a high of $118.00, with current averages showing a 50-day moving average of $82.93 and a 200-day moving average of $79.78. Allegiant's financial health is marked by a current ratio of 0.906 and a quick ratio of 0.808, with a debt-to-equity ratio of 169.13.
$ALGT price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Allegiant Travel Company reported revenues of approximately $2.64 billion, reflecting a growth of 4.8%. However, the company posted a net margin of -1.3% and a return on equity of -3.1%, with an EPS of -$1.92, indicating challenges in profitability. The next earnings release is scheduled for August 3, 2026.
Insider Buying and Selling at Allegiant Travel Company
Recent insider transactions at Allegiant Travel Company include sales by Bricker Jude, who sold 40,437 shares at an average price of $75.21 on May 13, 2026. On the same day, Bricker Jude also bought 1,000 shares, alongside similar purchases by executives Thomas Kennedy and Jennifer Vogel. Additionally, Tyler Jay Hollingsworth, the SVP and Chief Operating Officer, sold 87 shares at $85.58 on April 12, 2026, and Drew Allen Wells, the EVP and Chief Commercial Officer, sold 179 shares at $82.84 on April 3, 2026.
Analysts Set New Price Targets
On June 17, 2026, Goldman Sachs reinstated its coverage of Allegiant Travel Company with a Buy rating and a $125 price target. Earlier, on June 2, 2026, B of A Securities maintained a Hold rating with a $100 target. The analyst consensus recommends a Buy, with an average target price of $100.73 among 11 analysts.
About Allegiant Travel Company
Allegiant Travel Company is a leisure travel firm based in Las Vegas, Nevada. It provides travel and leisure services, primarily offering scheduled air transportation between underserved cities and leisure destinations. The company operates a fleet of Airbus and Boeing aircraft and also offers various air-related services, including baggage fees and seat assignments. Founded in 1997, Allegiant also offers third-party travel products and owns a golf course.
Bottom Line
Goldman Sachs' upgrade to a Buy rating and a $125 price target for Allegiant Travel Company demonstrates renewed confidence in the airline's prospects. Investors will be watching closely as the company works to improve profitability amid a challenging market. The recent insider trading activity and institutional moves offer additional context for stakeholders assessing their positions.
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