Goldman Sachs Is Bullish On Allegiant Travel - Read Why - Allegiant Travel (NASDAQ:ALGT)

Goldman Sachs analyst Catherine O'Brien upgraded Allegiant Travel Company ALGT to Buy from Neutral and raised the price target to $250, from $245, representing 32.8% upside.
The analyst expects the company to see one of the fastest profitability recoveries in airlines and ultimately produce "top-of-industry" margins.
O'Brien says she now has more clarity on the timeline and budget associated with Allegiant's entrance into the hotel business. While here is still elevated execution risk with the hotel, a "down cycle" sum-of-the-parts illustrative hotel scenario analysis could already be priced into Allegiant shares.
Also read, Allegiant Clocks 29.2% Y/Y Growth In October Capacity.
Price Action: ALGT shares traded higher by 5.19% at $198 in premarket on the last check Tuesday.

Momentum23.45

Growth98.03

Quality18.58

Value84.18

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Goldman Sachs Is Bullish On Allegiant Travel - Read Why