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Southwest Airlines (LUV) Stock Forecast & Price Target

$27.18
-0.23 (-0.84%)
(As of 07/19/2024 ET)

Southwest Airlines - 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

Based on 19 Wall Street analysts who have issued ratings for Southwest Airlines in the last 12 months, the stock has a consensus rating of "Hold." Out of the 19 analysts, 4 have given a sell rating, 10 have given a hold rating, and 5 have given a buy rating for LUV.

Consensus Price Target

$29.04
6.85% Upside
High Forecast$40.00
Average Forecast$29.04
Low Forecast$19.00

According to the 19 analysts' twelve-month price targets for Southwest Airlines, the average price target is $29.04. The highest price target for LUV is $40.00, while the lowest price target for LUV is $19.00. The average price target represents a forecasted upside of 6.85% from the current price of $27.18.

TypeCurrent Forecast
7/21/23 to 7/20/24
1 Month Ago
6/21/23 to 6/20/24
3 Months Ago
4/22/23 to 4/21/24
1 Year Ago
7/21/22 to 7/21/23
Consensus Rating
Hold
Hold
Hold
Hold
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
1 Strong Buy rating(s)
Buy
5 Buy rating(s)
5 Buy rating(s)
6 Buy rating(s)
4 Buy rating(s)
Hold
10 Hold rating(s)
10 Hold rating(s)
9 Hold rating(s)
8 Hold rating(s)
Sell
4 Sell rating(s)
4 Sell rating(s)
3 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$29.04$29.83$31.82$44.53
Forecasted Upside6.85% Upside3.31% Upside5.14% Upside26.90% Upside
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LUV 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.
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LUV 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.
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Southwest Airlines Stock vs. The Competition

TypeSouthwest AirlinesTransportation CompaniesS&P 500
Consensus Rating Score
2.05
2.53
2.51
Consensus RatingHoldModerate BuyModerate Buy
Predicted Upside6.85% Upside33.67% Upside10.04% Upside
News Sentiment RatingNeutral News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/17/2024TD Cowen
4 of 5 stars
 Lower TargetHold ➝ Hold$26.00 ➝ $19.00-33.82%
7/10/2024Barclays
2 of 5 stars
 Boost TargetEqual Weight ➝ Equal Weight$26.00 ➝ $27.00-2.30%
7/8/2024Deutsche Bank Aktiengesellschaft
2 of 5 stars
 Lower TargetBuy ➝ Buy$37.00 ➝ $32.00+17.43%
6/17/2024Citigroup
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 Boost TargetNeutral ➝ Neutral$27.50 ➝ $29.00+2.26%
6/10/2024Melius
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 Reiterated RatingSell$26.00-6.31%
5/28/2024Argus
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J. Staszak
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Reiterated RatingBuy ➝ Hold
5/13/2024HSBC
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 Initiated CoverageHold$27.80+1.61%
5/6/2024Sanford C. Bernstein
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 Lower TargetMarket Perform ➝ Market Perform$27.00 ➝ $26.00-0.57%
4/30/2024Susquehanna
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 Lower TargetNeutral ➝ Neutral$27.00 ➝ $25.00-6.86%
4/29/2024Jefferies Financial Group
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 DowngradeHold ➝ Underperform$28.00 ➝ $20.00-26.01%
4/26/2024Raymond James
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 Reiterated RatingOutperform ➝ Outperform$33.00 ➝ $30.00+10.74%
4/5/2024Morgan Stanley
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 Lower TargetOverweight ➝ Overweight$40.00 ➝ $38.00+33.85%
3/20/2024UBS Group
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 Initiated CoverageBuy$36.00+27.80%
1/26/2024JPMorgan Chase & Co.
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 Boost TargetNeutral ➝ Neutral$24.00 ➝ $29.00-3.49%
1/2/2024Evercore ISI
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 Reiterated RatingOutperform ➝ Inline$35.00+21.19%
11/10/2023BNP Paribas
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 DowngradeNeutral ➝ Underperform$20.00-14.35%
8/17/2023The Goldman Sachs Group
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 Lower TargetNeutral ➝ Neutral$34.00 ➝ $30.00-8.87%
8/7/2023Redburn Partners
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 DowngradeNeutral ➝ Sell$27.00-17.51%
7/27/2023Bank of America
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 DowngradeBuy ➝ Neutral$45.00 ➝ $35.00+5.93%
6/26/202322nd Century Group
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 Reiterated RatingMaintains
1/27/2023Cowen
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 Lower TargetOutperform$55.00 ➝ $50.00+40.06%
10/11/2022Susquehanna Bancshares
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 Lower Target$45.00 ➝ $40.00+26.34%
7/29/2022Cowen
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 Lower Target$67.00 ➝ $55.00+44.66%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 12:46 AM ET.

LUV Forecast - Frequently Asked Questions

What is Southwest Airlines' forecast for 2024?

According to the research reports of 19 Wall Street equities research analysts, the average twelve-month stock price forecast for Southwest Airlines is $29.04, with a high forecast of $40.00 and a low forecast of $19.00.

Should I buy or sell Southwest Airlines stock right now?

19 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Southwest Airlines in the last twelve months. There are currently 4 sell ratings, 10 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" LUV shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in LUV, but not buy additional shares or sell existing shares.

Does Southwest Airlines's stock price have much upside?

According to analysts, Southwest Airlines's stock has a predicted upside of 1.42% based on their 12-month stock forecasts.

Has Southwest Airlines been downgraded by Wall Street analysts recently?

Over the previous 90 days, Southwest Airlines's stock had 1 downgrade by analysts.

What analysts cover Southwest Airlines?

Southwest Airlines has been rated by research analysts at Argus, Barclays, Citigroup, Deutsche Bank Aktiengesellschaft, HSBC, Jefferies Financial Group, Melius, Raymond James, Sanford C. Bernstein, Susquehanna, and TD Cowen in the past 90 days.

Do Wall Street analysts like Southwest Airlines more than its competitors?

Analysts like Southwest Airlines less than other "transportation" companies. The consensus rating for Southwest Airlines is Hold while the average consensus rating for "transportation" companies is Moderate Buy. Learn more on how LUV compares to other companies.


This page (NYSE:LUV) was last updated on 7/20/2024 by MarketBeat.com Staff

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