Do Analysts Expect Allegiant Travel Company (ALGT) Stock to Rise After It Is Lower By -4.06% in a Month?

Wall Street is positive on Allegiant Travel Company (ALGT). On average, analysts give ALGT a Buy rating. The average price target is $96.6, which means analysts expect the stock to add by 40.00% over the next twelve months. That average ranking earns ALGT an Analyst Rating of 23, which is better than 23% of stocks based on data compiled by InvestorsObserver.

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

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Why are Analyst Ratings Important?

Though analyst projections should not be your only resource when determining your position on a stock, it can be a very useful tool. Analysts follow sectors/industries in-depth and tend to know how local and global conditions tend to affect demand and prices. Many analysts even participate in conference calls where they can get information to better make sense of the numbers. InvestorsObserver averages the ratings provided by analysts and then ranks their score as a percent against the market. This allows you to compare stocks in a more comprehensive fashion than with the typical buy/sell/hold ranking.

What's Happening With Allegiant Travel Company Stock Today?

Allegiant Travel Company (ALGT) stock is trading at $69.00 as of 1:12 PM on Wednesday, Nov 22, a rise of $1.58, or 2.34% from the previous closing price of $67.42. The stock has traded between $68.68 and $71.42 so far today. Volume today is less active than usual. So far 159,414 shares have traded compared to average volume of 284,463 shares. Click Here to get the full Stock Report for Allegiant Travel Company stock.