Evercore ISI Group Rates Allegiant Travel (ALGT) buy

Evercore ISI Group has reiterated its buy rating on Allegiant Travel Company (NasdaqGS: ALGT), maintaining a price target of $130. This update was announced on June 25, 2026, by analyst Duane Pfennigwerth.

Allegiant Travel Company Stock Up 48.5%

Shares of NasdaqGS:ALGT traded near $107.14 on Thursday. Allegiant Travel Company has a market cap of approximately $2.75 billion and a forward P/E ratio of 9.56. The stock has seen a 52-week low of $42.56 and a high of $118.00. It has a 50-day moving average of $83.52 and a 200-day moving average of $80.12. The company's beta is 1.56, indicating a higher volatility compared to the overall market. Allegiant's debt-to-equity ratio stands at 169.13, with a current ratio of 0.91 and a quick ratio of 0.81.

Other Institutional Activity in Allegiant Travel Company

Several institutional investors have adjusted their positions in Allegiant Travel Company. BlackRock, Inc. increased its holdings by 38,908 shares to a total of 2,091,966 shares, valued at about $169.53 million, marking a 1.9% increase. On the other hand, Donald Smith & Co., Inc. reduced its position by 29,852 shares to 1,668,046 shares, valued at approximately $135.18 million, reflecting a 1.8% decrease. T. Rowe Price Investment Management, Inc. decreased its stake by 64,634 shares, ending with 1,208,473 shares worth about $97.94 million, a 5.1% decrease. Vanguard Portfolio Management LLC opened a new position with 944,099 shares valued at $76.51 million. American Century Companies Inc boosted its holdings by 147,606 shares, resulting in a 20.4% increase to 871,364 shares worth $70.62 million.

Insider Buying and Selling at Allegiant Travel Company

On May 13, 2026, insider Bricker Jude sold 40,437 shares at an average price of $75.21. On the same day, Bricker Jude, along with insiders Kennedy Thomas and Vogel Jennifer, each acquired 1,000 shares without a specified purchase price. Earlier, on April 12, 2026, Tyler Jay Hollingsworth, Senior Vice President and Chief Operating Officer, sold 87 shares at $85.58. Additionally, Drew Allen Wells, Executive Vice President and Chief Commercial Officer, sold 179 shares at $82.84 on April 3, 2026.

Analysts Set New Price Targets

On June 25, 2026, Evercore ISI Group maintained its buy rating on Allegiant Travel Company with a price target of $130. UBS also maintained a hold rating with a target of $103 on June 23, 2026. Earlier, on June 17, 2026, Goldman Sachs reinstated its buy rating with a $125 target. The consensus among analysts is a buy recommendation, with an average target price of $104.25 based on 12 analyst opinions.

About Allegiant Travel Company

Allegiant Travel Company, headquartered in Las Vegas, Nevada, operates as a leisure travel company. It focuses on providing travel services and products to residents of underserved cities in the U.S. The company offers scheduled air transportation on limited-frequency, nonstop flights and operates a fleet of Airbus A320 and Boeing 737 aircraft. Allegiant also provides additional services such as larger seats, baggage fees, and priority boarding. Founded in 1997, the company is led by CEO Gregory Clark Anderson and has approximately 5,666 employees.

Bottom Line

Evercore ISI's reiterated buy rating with a $130 target price highlights continued confidence in Allegiant Travel Company's potential. The stock's recent trading levels and institutional interest suggest it remains a focus for investors. As always, it's important to remember that analyst ratings are forward-looking and based on current information, but market conditions can change.