Citigroup Rates Allegiant Travel (ALGT) buy, $156 Price Target
Citigroup analyst John Godyn raises Allegiant Travel's rating to 'buy' with a $156 target, a 30.76% upside from the current price.
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Citigroup rated Allegiant Travel Company ($ALGT) "buy" with a $156 price target on June 26, 2026.
Since the rating, $ALGT is down 0.4% after 1 week, down 14.6% after 1 month and down 42.3% to date (from the $116.10 close on Jun 26, 2026).
ALGT
Allegiant Travel Company
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.
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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.
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Allegiant Travel Company Stock Up 52.6%
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
Allegiant Travel Company daily closes and this analyst's $156 target. Not 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.
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Source: Citigroup's rating change on $ALGT (Jun 26, 2026). Written by software, not financial advice. How we make alerts