Spirit Airlines (SAVE) Stock Forecast & Price Target

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$4.04

-0.07 (-1.70%)

(As of 04/18/2024 ET)

Spirit Airlines Consensus Analyst Rating and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Analysts' Consensus Rating

Sell
Based on 7 Analyst Ratings

Analysts' Consensus Price Target

$4.91
21.46% Upside

High Forecast	$10.00
Average Forecast	$4.91
Low Forecast	$3.50

Type	Current Forecast 4/19/23 to 4/18/24	1 Month Ago 3/20/23 to 3/19/24	3 Months Ago 1/19/23 to 1/19/24	1 Year Ago 4/19/22 to 4/19/23
Consensus Rating	Sell	Reduce	Sell	Hold
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	0 Buy rating(s)	0 Buy rating(s)	0 Buy rating(s)	1 Buy rating(s)
Hold	3 Hold rating(s)	3 Hold rating(s)	2 Hold rating(s)	8 Hold rating(s)
Sell	4 Sell rating(s)	3 Sell rating(s)	3 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$4.91	$8.17	$8.80	$26.86
Predicted Upside	21.46% Upside	-13.10% Downside	-11.63% Downside	14.00% Upside

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SAVE Analyst Ratings By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

SAVE Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Spirit Airlines Stock vs. The Competition

Type	Spirit Airlines	Transportation Companies	S&P 500
Consensus Rating Score	1.43	2.52	2.49
Consensus Rating	Sell	Moderate Buy	Hold
Predicted Upside	21.46% Upside	37.63% Upside	12.30% Upside
News Sentiment Rating	Neutral News	Neutral News	Positive News

Recent Analyst Ratings and Stock Forecasts

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
4/17/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Sell ➝ Sell	$4.00 ➝ $3.85	-7.23%
4/16/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold ➝ Hold	$5.00 ➝ $4.00	-10.11%
4/9/2024	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating	C. Stathoulopoul Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Negative ➝ Negative	$5.00 ➝ $4.00	-15.61%
4/4/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	In-Line ➝ In-Line	$18.00 ➝ $3.50	-26.78%
3/27/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Underweight	$4.00	-13.89%
1/17/2024	Seaport Res Ptn Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Mckenzie Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Neutral
1/17/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Underperform	$5.00	-18.50%
5/8/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$28.00 ➝ $10.00	-38.73%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 11:14 PM ET.

SAVE Price Target - Frequently Asked Questions

What is Spirit Airlines's consensus rating and price target?: According to the issued ratings of 7 analysts in the last year, the consensus rating for Spirit Airlines stock is Strong Sell based on the current 4 sell ratings and 3 hold ratings for SAVE. The average twelve-month price prediction for Spirit Airlines is $4.91 with a high price target of $10.00 and a low price target of $3.50. Learn more on SAVE's analyst rating history.
Do Wall Street analysts like Spirit Airlines more than its competitors?: Analysts like Spirit Airlines less than other Transportation companies. The consensus rating for Spirit Airlines is Sell while the average consensus rating for transportation companies is Moderate Buy. Learn more on how SAVE compares to other companies.
Does Spirit Airlines's stock price have much downside?: According to analysts, Spirit Airlines's stock has a predicted downside of -13.93% based on their 12-month stock forecasts.

What analysts cover Spirit Airlines?: Spirit Airlines has been rated by Barclays, Citigroup, Evercore ISI, Susquehanna, and TD Cowen in the past 90 days.

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This page (NYSE:SAVE) was last updated on 4/18/2024 by MarketBeat.com Staff

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Spirit Airlines (SAVE) Stock Forecast & Price Target

Spirit Airlines Consensus Analyst Rating and Stock Price Forecast (2024)

Analysts' Consensus Rating

Analysts' Consensus Price Target

SAVE Analyst Ratings By Month

SAVE Price Targets by Month

Spirit Airlines Stock vs. The Competition

Recent Analyst Ratings and Stock Forecasts

SAVE Price Target - Frequently Asked Questions

Stock Ratings Reports and Tools

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