ALGT Stock Recent News
ALGT LATEST HEADLINES
LAS VEGAS , Jan. 16, 2025 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) has scheduled its fourth quarter and full-year 2024 financial results conference call for Tuesday, February 4 at 4:30 p.m. EST. A live broadcast of the conference call will be available through the company's Investor Relations website homepage at http://ir.allegiantair.com.
Does Allegiant Travel (ALGT) have what it takes to be a top stock pick for momentum investors? Let's find out.
Allegiant (ALGT) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
Proactive efforts to expand its global reach boost Allegiant's prospects. Strong air travel demand also bodes well for ALGT.
Here is how Allegiant Travel (ALGT) and Cathay Pacific Airways Ltd. (CPCAY) have performed compared to their sector so far this year.
Allegiant Travel (ALGT) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.
Evercore ISI raised the firm's price target on Allegiant Travel to $100 from $65 and keeps an In Line rating on the shares. Across the firm's airlines and lodging coverage, the analyst believes the post-election demand pickup was "quicker and stronger vs. initial expectations" and that the compressed period between Thanksgiving and peak Holidays, combined with a dose of late-year corporate travel, also likely contributed to stronger outcomes, says the analyst as the firm adjusting airline estimates and rolling its price targets to a 2026 basis.
With ALGT's shares appreciating lately, we assess the current positioning of the stock to determine if it's a good investment choice at this juncture.
Strong air-travel demand and fleet additions represent the major tailwinds of ALGT.
LAS VEGAS , Dec. 12, 2024 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for November 2024. "Booking trends following the election continue to outpace our initial expectations," stated Drew Wells, Chief Commercial Officer of Allegiant Travel Company.