Allegiant Travel Company (ALGT) Receives a New Rating from Citi

In a report released on December 2, John Godyn from Citi initiated coverage with a Hold rating on Allegiant Travel Company and a price target of $88.00. The company’s shares closed yesterday at $77.49.

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Godyn covers the Industrials sector, focusing on stocks such as Alaska Air, Allegiant Travel Company, and Delta Air Lines. According to TipRanks, Godyn has an average return of -2.5% and a 42.11% success rate on recommended stocks.

The word on The Street in general, suggests a Hold analyst consensus rating for Allegiant Travel Company with a $73.20 average price target, implying a -5.54% downside from current levels. In a report released on November 26, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a $74.00 price target.

Based on Allegiant Travel Company’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $561.93 million and a GAAP net loss of $43.57 million. In comparison, last year the company earned a revenue of $562.2 million and had a GAAP net loss of $36.79 million