Southwest Airlines Co. (LUV)

Southwest Airlines Co. Stock Forecast

Stock Price Forecast

The 18 analysts that cover Southwest Airlines Co. stock have a consensus rating of "Hold" and an average price target of $40.22, which forecasts a -6.68% decrease in the stock price over the next year. The lowest target is $23 and the highest is $60.

Price Target: $40.22 (-6.68%)

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$23	$40.22	$42	$60
Change	-46.64%	-6.68%	-2.55%	+39.21%

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	Aug '25	Sep '25	Oct '25	Nov '25	Dec '25	Jan '26
Strong Buy	0	0	0	0	0	0
Buy	2	2	2	2	3	4
Hold	8	8	7	7	11	11
Sell	2	2	2	2	2	1
Strong Sell	2	2	2	1	1	2
Total	14	14	13	12	17	18

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Catherine O'Brien Goldman Sachs	Goldman Sachs	Strong Sell Maintains $26 → $29	Strong Sell	Maintains	$26 → $29	-32.71%	Jan 13, 2026
Christopher Stathoulopoulos Susquehanna	Susquehanna	Hold Maintains $35 → $45	Hold	Maintains	$35 → $45	+4.41%	Jan 9, 2026
Jamie Baker JP Morgan	JP Morgan	Sell → Buy Upgrades $36 → $60	Sell → Buy	Upgrades	$36 → $60	+39.21%	Jan 9, 2026
John Godyn Citigroup	Citigroup	Hold Maintains $38 → $44	Hold	Maintains	$38 → $44	+2.09%	Jan 7, 2026
Atul Maheswari UBS	UBS	Hold Maintains $43 → $45	Hold	Maintains	$43 → $45	+4.41%	Jan 6, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

28.40B

Increased by 3.35%

from 27.48B

Revenue Next Year

31.02B

Increased by 9.22%

from 28.40B

EPS This Year

0.97

Increased by 29.18%

from 0.75

EPS Next Year

2.83

Increased by 190.23%

from 0.97

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	28.40B	31.02B
Revenue Growth	-59.66%	74.51%	50.82%	9.56%	5.34%	3.35%	9.22%
EPS	-5.44	1.61	0.87	0.76	0.75	0.97	2.83
EPS Growth	-	-	-45.73%	-13.46%	-0.26%	29.18%	190.23%
Forward PE	-	-	-	-	-	44.23	15.24
No. Analysts	-	-	-	-	-	27	27

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

Revenue Forecast

Revenue	2025	2026	2027	2028	2029
High	29.6B	33.9B
Avg	28.4B	31.0B
Low	27.4B	29.4B

Revenue Growth

Revenue Growth	2025	2026	2027	2028	2029
High	7.8%	19.2%
Avg	3.3%	9.2%
Low	-0.4%	3.6%

EPS Forecast

EPS	2025	2026	2027	2028	2029
High	1.29	4.73
Avg	0.97	2.83
Low	0.83	2.04

EPS Growth

EPS Growth	2025	2026	2027	2028	2029
High	71.2%	385.5%
Avg	29.2%	190.2%
Low	10.4%	109.2%

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.