JP Morgan Rates Allegiant Travel (ALGT) buy, $156 Price Target
JP Morgan reaffirms its positive outlook on Allegiant Travel with a $156 price target, a 28.98% upside from the current price.
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JP Morgan rated Allegiant Travel Company ($ALGT) "buy" with a $156 price target on July 1, 2026.
Since the rating, $ALGT is down 9.2% after 1 week, down 17.7% after 1 month and down 43.8% to date (from the $119.16 close on Jul 1, 2026).
ALGT
Allegiant Travel Company
Key Points
- JP Morgan reiterated its buy rating for Allegiant Travel Company (ALGT) with a price target of $156 on July 1, 2026.
- JP Morgan's $156 price target implies 28.98% upside from Allegiant Travel Company's ($ALGT) current $120.95 share price.
- Shares of Allegiant Travel Company traded near $119.3 on Wednesday, with a market cap of about $3.16 billion.
- Other analysts have also shown confidence, with Citigroup upgrading to buy and Evercore ISI Group maintaining a buy rating.
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JP Morgan has reiterated its buy rating on Allegiant Travel Company (NasdaqGS: ALGT) with a price target of $156. This reaffirmation, announced on July 1, 2026, reflects ongoing confidence in the company’s potential. The analyst, James Kirby, sees the stock as a long-term positive investment.
JP Morgan vs. the S&P 500
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Allegiant Travel Company Stock Up 54.7%
Shares of Allegiant Travel Company traded near $119.3 on Wednesday. The company, with a market cap of approximately $3.16 billion, has a forward P/E of 10.7, suggesting some growth expectations. Allegiant’s stock has seen a 52-week range from $42.56 to $120.42, indicating significant volatility. The company's beta of 1.559 suggests it is more volatile than the market.
$ALGT price target
Allegiant Travel Company daily closes and this analyst's $156 target. Not advice.
Analysts Set New Price Targets
On July 1, 2026, JP Morgan reiterated its buy rating for Allegiant Travel Company with a target price of $156. This follows Citigroup's upgrade to a buy rating with the same target on June 26, 2026. Evercore ISI Group maintained its buy rating with a target of $130 on June 25, 2026. These analyses suggest a positive outlook among major financial institutions.
About Allegiant Travel Company
Allegiant Travel Company is a leisure travel provider based in Las Vegas, Nevada. It focuses on offering travel services to underserved cities in the United States, operating a fleet of Airbus and Boeing aircraft. The company supplements its air transportation services with additional products such as baggage fees, seat assignments, and travel insurance. Founded in 1997, Allegiant also owns a golf course and provides charter services.
Bottom Line
JP Morgan's reiterated buy rating on Allegiant Travel Company underscores the positive sentiment surrounding the stock. With a target price set at $156, investors are keeping a close eye on the company's performance. As a reminder, analyst ratings can be a useful tool but are based on past data and projections.
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Source: JP Morgan's rating change on $ALGT (Jul 1, 2026). Written by software, not financial advice. How we make alerts