Allegiant Travel Company (NASDAQ:ALGT) Receives $128.08 Consensus Price Target from Brokerages

Posted by Brian Himes on Aug 1st, 2026

Shares of Allegiant Travel Company (NASDAQ:ALGT – Get Free Report) have been given an average rating of “Moderate Buy” by the fifteen analysts that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and ten have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $128.0769.

A number of brokerages have recently weighed in on ALGT. Melius Research raised shares of Allegiant Travel from a “hold” rating to a “buy” rating and set a $160.00 price target for the company in a research note on Tuesday, July 7th. JPMorgan Chase & Co. started coverage on Allegiant Travel in a report on Wednesday, July 1st. They set an “overweight” rating and a $156.00 target price on the stock. Barclays assumed coverage on Allegiant Travel in a research note on Wednesday, July 8th. They set an “overweight” rating and a $145.00 price target for the company. Bank of America boosted their price objective on Allegiant Travel from $100.00 to $120.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 1st. Finally, Citigroup upgraded Allegiant Travel from a “neutral” rating to a “buy” rating and upped their price objective for the company from $98.00 to $156.00 in a report on Friday, June 26th.

Read Our Latest Analysis on Allegiant Travel

Allegiant Travel Stock Performance

Allegiant Travel stock opened at $98.08 on Monday. 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 12 month low of $42.56 and a 12 month high of $123.63. The company has a fifty day moving average price of $99.72 and a two-hundred day moving average price of $92.07. The company has a market cap of $1.81 billion, a PE ratio of -49.04, a P/E/G ratio of 0.26 and a beta of 1.51.

Allegiant Travel (NASDAQ:ALGT – Get Free Report) last issued its earnings results on Thursday, April 30th. The transportation company reported $3.77 EPS for the quarter, beating 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 company had revenue of $732.43 million during the quarter, compared to the consensus estimate of $711.01 million. During the same period in the previous year, the firm posted $2.11 earnings per share. Allegiant Travel’s quarterly revenue was up 4.8% compared to the same quarter last year. Research analysts expect that Allegiant Travel will post 7.5 earnings per share for the current year.

Institutional Trading of Allegiant Travel

Hedge funds have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Allegiant Travel by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,202 shares of the transportation company’s stock valued at $475,000 after buying an additional 394 shares during the period. Creative Planning boosted its position in Allegiant Travel by 29.1% during the 2nd quarter. Creative Planning now owns 6,915 shares of the transportation company’s stock worth $380,000 after acquiring an additional 1,558 shares during the period. Hsbc Holdings PLC purchased a new position in Allegiant Travel during the 2nd quarter valued at about $350,000. Invesco Ltd. increased its holdings in shares of Allegiant Travel by 3.9% in the 2nd quarter. Invesco Ltd. now owns 121,339 shares of the transportation company’s stock valued at $6,668,000 after purchasing an additional 4,602 shares during the period. Finally, First Trust Advisors LP acquired a new position in shares of Allegiant Travel in the 2nd quarter valued at about $654,000. 85.81% of the stock is owned by hedge funds and other institutional investors.

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.