Goldman Sachs Upgrades Allegiant Travel Company to Buy

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 Snapshot

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.

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.