Spirit Airlines Inc has a consensus price target of $8.13 based on the ratings of 13 analysts. The high is $28 issued by Goldman Sachs on October 6, 2021. The low is $2 issued by TD Cowen on July 17, 2024. The 3 most-recent analyst ratings were released by Susquehanna, Citigroup, and TD Cowen on August 16, 2024, July 23, 2024, and July 17, 2024, respectively. With an average price target of $2.33 between Susquehanna, Citigroup, and TD Cowen, there's an implied -17.26% downside for Spirit Airlines Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Spirit Airlines (NYSE:SAVE) was reported by Susquehanna on August 16, 2024. The analyst firm set a price target for $2.25 expecting SAVE to fall to within 12 months (a possible -20.49% downside). 26 analyst firms have reported ratings in the last year.
The latest analyst rating for Spirit Airlines (NYSE:SAVE) was provided by Susquehanna, and Spirit Airlines maintained their negative rating.
The last upgrade for Spirit Airlines Inc happened on June 10, 2022 when JP Morgan raised their price target to $30. JP Morgan previously had a neutral for Spirit Airlines Inc.
The last downgrade for Spirit Airlines Inc happened on July 17, 2024 when TD Cowen changed their price target from N/A to $2 for Spirit Airlines Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Spirit Airlines, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Spirit Airlines was filed on August 16, 2024 so you should expect the next rating to be made available sometime around August 16, 2025.
While ratings are subjective and will change, the latest Spirit Airlines (SAVE) rating was a maintained with a price target of $2.50 to $2.25. The current price Spirit Airlines (SAVE) is trading at is $2.83, which is out of the analyst’s predicted range.
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