SkyWest (SKYW) Stock Forecast & Price Target

$76.74

-7.74 (-9.16%)

(As of 07/26/2024 ET)

SkyWest - Analysts' Recommendations 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.

Consensus Rating

Moderate Buy
Based on 3 Analyst Ratings

Based on 3 Wall Street analysts who have issued ratings for SkyWest in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 3 analysts, 1 has given a hold rating, and 2 have given a buy rating for SKYW.

Consensus Price Target

$76.67
-0.10% Downside

High Forecast	$95.00
Average Forecast	$76.67
Low Forecast	$65.00

According to the 3 analysts' twelve-month price targets for SkyWest, the average price target is $76.67. The highest price target for SKYW is $95.00, while the lowest price target for SKYW is $65.00. The average price target represents a forecasted downside of -0.10% from the current price of $76.74.

Type	Current Forecast 7/28/23 to 7/27/24	1 Month Ago 6/28/23 to 6/27/24	3 Months Ago 4/29/23 to 4/28/24	1 Year Ago 7/28/22 to 7/28/23
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Hold
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	2 Buy rating(s)	2 Buy rating(s)	3 Buy rating(s)	1 Buy rating(s)
Hold	1 Hold rating(s)	1 Hold rating(s)	1 Hold rating(s)	1 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$76.67	$76.67	$62.25	$28.33
Forecasted Upside	-0.10% Downside	11.92% Upside	12.42% Upside	11.00% Upside

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SKYW Analyst Recommendations 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.

SKYW 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.

SkyWest Stock vs. The Competition

Type	SkyWest	Transportation Companies	S&P 500
Consensus Rating Score	2.67	2.55	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	-0.10% Downside	35.02% Upside	9.18% Upside
News Sentiment Rating	Neutral News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
6/4/2024	TD Cowen 4 of 5 stars	Boost Target	Buy ➝ Buy	$85.00 ➝ $95.00	+19.63%
4/4/2024	Evercore ISI 2 of 5 stars	Boost Target	In-Line ➝ In-Line	$60.00 ➝ $70.00	+0.69%
2/2/2024	Raymond James 4 of 5 stars	Boost Target	Outperform ➝ Outperform	$55.00 ➝ $65.00	+14.90%
6/15/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Buy	$46.00	+24.66%
12/16/2022	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Sell	$54.00 ➝ $15.00	-16.90%
11/1/2022	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		$24.00	+35.36%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 05:35 AM ET.

SKYW Forecast - Frequently Asked Questions

What is SkyWest's forecast for 2024?: According to the research reports of 3 Wall Street equities research analysts, the average twelve-month stock price forecast for SkyWest is $76.67, with a high forecast of $95.00 and a low forecast of $65.00.
Should I buy or sell SkyWest stock right now?: 3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SkyWest in the last twelve months. There is currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" SKYW shares.
Does SkyWest's stock price have much upside?: According to analysts, SkyWest's stock has a predicted upside of 11.92% based on their 12-month stock forecasts.
What analysts cover SkyWest?: SkyWest has been rated by research analysts at TD Cowen in the past 90 days.
Do Wall Street analysts like SkyWest more than its competitors?: Analysts like SkyWest more than other "transportation" companies. The consensus rating score for SkyWest is 2.67 while the average consensus rating score for "transportation" companies is 2.55. Learn more on how SKYW compares to other companies.