Allegiant Travel (ALGT) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.
Allegiant Travel (ALGT) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Does Allegiant Travel (ALGT) have what it takes to be a top stock pick for momentum investors? Let's find out.
Allegiant (ALGT) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
Proactive efforts to expand its global reach boost Allegiant's prospects. Strong air travel demand also bodes well for ALGT.
Here is how Allegiant Travel (ALGT) and Cathay Pacific Airways Ltd. (CPCAY) have performed compared to their sector so far this year.
Allegiant Travel (ALGT) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.
Evercore ISI raised the firm's price target on Allegiant Travel to $100 from $65 and keeps an In Line rating on the shares. Across the firm's airlines and lodging coverage, the analyst believes the post-election demand pickup was "quicker and stronger vs. initial expectations" and that the compressed period between Thanksgiving and peak Holidays, combined with a dose of late-year corporate travel, also likely contributed to stronger outcomes, says the analyst as the firm adjusting airline estimates and rolling its price targets to a 2026 basis.
With ALGT's shares appreciating lately, we assess the current positioning of the stock to determine if it's a good investment choice at this juncture.
Strong air-travel demand and fleet additions represent the major tailwinds of ALGT.
Small-cap stocks have enjoyed a stellar 2024, with the S&P 600 index soaring more than 14% year-to-date, driven by optimism surrounding President-elect Donald Trump's fiscal policies. This performance marked a significant milestone for the index, which recently closed at a record high of 1,544.
Allegiant Travel (ALGT) reported earnings 30 days ago. What's next for the stock?