Spirit Airlines (SAVE) Stock Forecast & Price Target

$3.68
-0.10 (-2.64%)
(As of 04/24/2024 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
33.17% Upside
High Forecast$10.00
Average Forecast$4.91
Low Forecast$3.50
TypeCurrent Forecast
4/25/23 to 4/24/24
1 Month Ago
3/26/23 to 3/25/24
3 Months Ago
1/25/23 to 1/25/24
1 Year Ago
4/25/22 to 4/25/23
Consensus Rating
Sell
Reduce
Reduce
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)
3 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$8.17$26.86
Predicted Upside33.17% Upside-13.10% Downside-12.77% Downside14.00% 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.
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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.
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Spirit Airlines Stock vs. The Competition

TypeSpirit AirlinesTransportation CompaniesS&P 500
Consensus Rating Score
1.43
2.53
2.49
Consensus RatingSellModerate BuyHold
Predicted Upside33.35% Upside36.84% Upside9.98% Upside
News Sentiment RatingNeutral News
Neutral News
Positive News

Recent Analyst Ratings and Stock Forecasts

DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
4/17/2024Citigroup
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 Lower TargetSell ➝ Sell$4.00 ➝ $3.85-7.23%
4/16/2024TD Cowen
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 Lower TargetHold ➝ Hold$5.00 ➝ $4.00-10.11%
4/9/2024Susquehanna
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C. Stathoulopoul
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Lower TargetNegative ➝ Negative$5.00 ➝ $4.00-15.61%
4/4/2024Evercore ISI
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 Lower TargetIn-Line ➝ In-Line$18.00 ➝ $3.50-26.78%
3/27/2024Barclays
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 Initiated CoverageUnderweight$4.00-13.89%
1/17/2024Seaport Res Ptn
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D. Mckenzie
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DowngradeBuy ➝ Neutral
1/17/2024Bank of America
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 Initiated CoverageUnderperform$5.00-18.50%
5/8/2023JPMorgan Chase & Co.
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 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 12:57 AM 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 4/24/2024 by MarketBeat.com Staff

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