Free Trial

Spirit Airlines (SAVE) Stock Forecast & Price Target

$3.19
+0.11 (+3.57%)
(As of 07/12/2024 ET)

Spirit 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

Consensus Price Target

$3.29
3.00% Upside
High Forecast$5.00
Average Forecast$3.29
Low Forecast$2.00
TypeCurrent Forecast
7/14/23 to 7/13/24
1 Month Ago
6/14/23 to 6/13/24
3 Months Ago
4/15/23 to 4/14/24
1 Year Ago
7/14/22 to 7/14/23
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)
4 Hold rating(s)
3 Hold rating(s)
5 Hold rating(s)
Sell
6 Sell rating(s)
4 Sell rating(s)
4 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$3.29$3.57$5.07$21.75
Forecasted Upside3.00% Upside-17.63% Downside-20.51% Downside0.12% Upside
Get Spirit Airlines Upgrade and Downgrade Alerts

Sign-up to receive the latest news and ratings for SAVE and its competitors with MarketBeat's FREE daily newsletter.

SAVE 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.
Skip Chart & View Analyst Rating History

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.
Skip Chart and View Analyst Price Target HistorySkip Chart & View Price History Table

Spirit Airlines Stock vs. The Competition

TypeSpirit AirlinesTransportation CompaniesS&P 500
Consensus Rating Score
1.33
2.53
2.50
Consensus RatingSellModerate BuyModerate Buy
Predicted Upside3.00% Upside31.62% Upside9.38% Upside
News Sentiment RatingNeutral News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/10/2024Barclays
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Lower TargetUnderweight ➝ Underweight$4.00 ➝ $3.00-1.64%
7/8/2024Deutsche Bank Aktiengesellschaft
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 DowngradeHold ➝ Sell$3.00 ➝ $2.00-39.58%
7/5/2024Raymond James
Subscribe to MarketBeat All Access for the recommendation accuracy rating
S. Syth
Subscribe to MarketBeat All Access for the recommendation accuracy rating
DowngradeMarket Perform ➝ Underperform
5/14/2024Citigroup
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Lower TargetSell ➝ Sell$3.85 ➝ $3.50-27.39%
5/8/2024Susquehanna
Subscribe to MarketBeat All Access for the recommendation accuracy rating
C. Stathoulopoul
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Lower TargetNegative ➝ Negative$4.00 ➝ $3.00-9.37%
5/7/2024TD Cowen
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Lower TargetHold ➝ Hold$4.00 ➝ $3.00-10.18%
4/4/2024Evercore ISI
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Lower TargetIn-Line ➝ In-Line$18.00 ➝ $3.50-26.78%
1/17/2024Seaport Res Ptn
Subscribe to MarketBeat All Access for the recommendation accuracy rating
D. Mckenzie
Subscribe to MarketBeat All Access for the recommendation accuracy rating
DowngradeBuy ➝ Neutral
1/17/2024Bank of America
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Initiated CoverageUnderperform$5.00-18.50%
5/8/2023JPMorgan Chase & Co.
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Lower Target$28.00 ➝ $10.00-38.73%
8/15/2022Melius
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Initiated CoverageHold
8/9/2022Cowen
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Lower Target$30.00+22.40%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 05:16 AM ET.

SAVE Forecast - Frequently Asked Questions

What is Spirit Airlines' forecast for 2024?

According to the research reports of 9 Wall Street equities research analysts, the average twelve-month stock price forecast for Spirit Airlines is $3.29, with a high forecast of $5.00 and a low forecast of $2.00.

Should I buy or sell Spirit Airlines stock right now?

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Spirit Airlines in the last twelve months. There are currently 6 sell ratings and 3 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "strong sell" SAVE shares.

Does Spirit Airlines's stock price have much downside?

According to analysts, Spirit Airlines's stock has a predicted downside of -19.99% based on their 12-month stock forecasts.

Has Spirit Airlines been downgraded by Wall Street analysts recently?

Over the previous 90 days, Spirit Airlines's stock had 2 downgrades by analysts.

What analysts cover Spirit Airlines?

Spirit Airlines has been rated by research analysts at Barclays, Citigroup, Deutsche Bank Aktiengesellschaft, Raymond James, Susquehanna, and TD Cowen in the past 90 days.

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.


This page (NYSE:SAVE) was last updated on 7/13/2024 by MarketBeat.com Staff

From Our Partners