Southwest Airlines Co. (LUV)

Southwest Airlines Co. Stock Forecast

Stock Price Forecast

The 14 analysts that cover Southwest Airlines Co. stock have a consensus rating of "Hold" and an average price target of $32.21, which forecasts a 2.61% increase in the stock price over the next year. The lowest target is $23 and the highest is $42.

Price Target: $32.21 (+2.61%)

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$23	$32.21	$33	$42
Change	-26.73%	+2.61%	+5.13%	+33.80%

* Price targets were last updated on Aug 5, 2025.

Analyst Ratings

The average analyst rating for Southwest Airlines Co. stock is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Mar '25	Apr '25	May '25	Jun '25	Jul '25	Aug '25
Strong Buy	0	0	0	0	0	0
Buy	3	3	3	3	2	2
Hold	10	10	9	9	9	8
Sell	2	2	2	2	2	2
Strong Sell	2	2	2	2	2	2
Total	17	17	16	16	15	14

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Christopher Stathoulopoulos Susquehanna	Susquehanna	Hold Maintains $25 → $30	Hold	Maintains	$25 → $30	-4.43%	Aug 5, 2025
Duane Pfennigwerth Evercore ISI Group	Evercore ISI Group	Hold Maintains $40 → $34	Hold	Maintains	$40 → $34	+8.31%	Jul 25, 2025
Duane Pfennigwerth Evercore ISI Group	Evercore ISI Group	Buy → Hold Downgrades $40	Buy → Hold	Downgrades	$40	+27.43%	Jul 15, 2025
Brandon Oglenski Barclays	Barclays	Hold Maintains $26 → $34	Hold	Maintains	$26 → $34	+8.31%	Jul 10, 2025
Thomas Wadewitz UBS	UBS	Hold Maintains $27 → $34	Hold	Maintains	$27 → $34	+8.31%	Jul 7, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

28.34B

Increased by 3.10%

from 27.48B

Revenue Next Year

30.33B

Increased by 7.02%

from 28.34B

EPS This Year

0.94

Increased by 24.45%

from 0.75

EPS Next Year

2.34

Increased by 149.77%

from 0.94

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	9.05B	15.79B	23.81B	26.09B	27.48B	28.34B	30.33B
Revenue Growth	-59.66%	74.51%	50.82%	9.56%	5.34%	3.10%	7.02%
EPS	-5.44	1.61	0.87	0.76	0.75	0.94	2.34
EPS Growth	-	-	-45.73%	-13.46%	-0.26%	24.45%	149.77%
Forward PE	-	-	-	-	-	33.44	13.39
No. Analysts	-	-	-	-	-	26	26

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2025	2026	2027	2028	2029
High	29.8B	32.7B
Avg	28.3B	30.3B
Low	27.1B	28.6B

Revenue Growth

Revenue Growth	2025	2026	2027	2028	2029
High	8.4%	15.3%
Avg	3.1%	7.0%
Low	-1.3%	0.8%

EPS Forecast

EPS	2025	2026	2027	2028	2029
High	1.31	4.20
Avg	0.94	2.34
Low	0.45	1.36

EPS Growth

EPS Growth	2025	2026	2027	2028	2029
High	74.0%	347.4%
Avg	24.4%	149.8%
Low	-40.2%	45.1%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.