Bank of America Forecasts Strong Price Appreciation for Allegiant Travel (NASDAQ:ALGT) Stock

Posted by George Bondi on Jul 1st, 2026

Allegiant Travel (NASDAQ:ALGT – Get Free Report) had its price target boosted by equities researchers at Bank of America from $100.00 to $120.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the transportation company’s stock. Bank of America‘s price objective indicates a potential downside of 1.35% from the stock’s current price.

A number of other analysts have also recently commented on the company. Citigroup raised Allegiant Travel from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $98.00 to $156.00 in a research report on Friday, June 26th. JPMorgan Chase & Co. initiated coverage on Allegiant Travel in a research note on Wednesday. They issued an “overweight” rating and a $156.00 price objective for the company. UBS Group raised their price objective on Allegiant Travel from $93.00 to $103.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 23rd. Zacks Research downgraded Allegiant Travel from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 1st. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Allegiant Travel in a research report on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $116.75.

View Our Latest Research Report on Allegiant Travel

Allegiant Travel Stock Up 3.4%

Allegiant Travel stock traded up $4.04 during midday trading on Wednesday, reaching $121.64. The company’s stock had a trading volume of 124,450 shares, compared to its average volume of 579,697. The stock’s 50-day simple moving average is $87.38 and its 200-day simple moving average is $89.13. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.91 and a quick ratio of 0.87. Allegiant Travel has a 52-week low of $42.56 and a 52-week high of $122.93. The stock has a market capitalization of $2.24 billion, a P/E ratio of -60.67, a PEG ratio of 0.60 and a beta of 1.55.

Allegiant Travel (NASDAQ:ALGT – Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The transportation company reported $3.77 earnings per share for the quarter, topping analysts’ consensus estimates of $3.40 by $0.37. Allegiant Travel had a positive return on equity of 10.07% and a negative net margin of 1.30%.The business had revenue of $732.43 million for the quarter, compared to analyst estimates of $711.01 million. During the same quarter in the previous year, the firm earned $2.11 earnings per share. The company’s revenue was up 4.8% on a year-over-year basis. Allegiant Travel has set its Q2 2026 guidance at -1.000–0.000 EPS. On average, sell-side analysts expect that Allegiant Travel will post 3.72 EPS for the current year.

Institutional Trading of Allegiant Travel

A number of hedge funds have recently modified their holdings of ALGT. Vanguard Group Inc. increased its position in shares of Allegiant Travel by 4.1% in the third quarter. Vanguard Group Inc. now owns 1,677,608 shares of the transportation company’s stock valued at $101,948,000 after buying an additional 66,596 shares in the last quarter. Hudson Bay Capital Management LP purchased a new position in shares of Allegiant Travel during the 3rd quarter valued at approximately $1,109,000. American Century Companies Inc. lifted its position in shares of Allegiant Travel by 5.7% during the 3rd quarter. American Century Companies Inc. now owns 688,322 shares of the transportation company’s stock valued at $41,829,000 after buying an additional 37,205 shares in the last quarter. Landscape Capital Management L.L.C. acquired a new stake in Allegiant Travel in the 4th quarter valued at $5,031,000. Finally, Quantbot Technologies LP grew its stake in Allegiant Travel by 35.1% in the 3rd quarter. Quantbot Technologies LP now owns 36,742 shares of the transportation company’s stock valued at $2,233,000 after acquiring an additional 9,555 shares during the period. Hedge funds and other institutional investors own 85.81% of the company’s stock.

Allegiant Travel Company Profile

(Get Free Report)

Allegiant Travel Company is a holding company that operates Allegiant Air, a low‐cost leisure airline offering scheduled and charter air service. The company focuses on connecting underserved secondary markets with popular vacation destinations across the United States. By targeting price‐sensitive leisure travelers, Allegiant Air operates a point‐to‐point network that avoids the traditional hub‐and‐spoke model, providing non‐stop flights from smaller cities to resort and entertainment hubs.

In addition to its core flight operations, Allegiant Travel Company offers packaged travel services that include hotel accommodations, rental cars and attraction tickets through its online portal.