Do Analysts Agree Wednesday on Spirit Airlines Incorporated (SAVE) Stock's Target Price?

Wall Street is positive on Spirit Airlines Incorporated (SAVE). On average, analysts give SAVE a Strong Buy rating. The average price target is $30.555, which means analysts expect the stock to add by 24.87% over the next twelve months. That average ranking earns SAVE an Analyst Rating of 39, which is better than 39% of stocks based on data compiled by InvestorsObserver.

Wall Street analysts are rating SAVE a Strong Buy today. Find out what this means to you and get the rest of the rankings on SAVE!

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Why are Analyst Ratings Important?

You can learn a lot about a company from looking at it’s financial statements and comparing them to other companies. Analysts who cover an industry in depth can add even more to your research though. They typically follow a particular sector or industry very closely. They also pay attention to and ask questions on earnings conference calls and other events where they might learn information that does show up in the numbers. InvestorsObserver takes the average rating from these analysts, and then percentile ranks those averages. This lets you compare stocks in a much more granular way than just seeing the typical five-tiered rating system used on most of Wall Street.

What's Happening With Spirit Airlines Incorporated Stock Today?

Spirit Airlines Incorporated (SAVE) stock has gained 1.37% while the S&P 500 is down -0.08% as of 1:13 PM on Wednesday, Jul 6. SAVE has risen $0.32 from the previous closing price of $24.15 on volume of 961,690 shares. Over the past year the S&P 500 is down -11.87% while SAVE is down -19.19%. SAVE lost -$5.09 per share the over the last 12 months. Click Here to get the full Stock Report for Spirit Airlines Incorporated stock.