Southwest Airlines Co. (LUV)

Southwest Airlines Co. Stock Forecast

Stock Price Forecast

The 16 analysts with 12-month price forecasts for Southwest Airlines Co. stock have an average target of 32.58, with a low estimate of 25 and a high estimate of 42. The average target predicts a decrease of -6.06% from the current stock price of 34.68.

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$25	$32.58	$33	$42
Change	-27.91%	-6.06%	-4.84%	+21.11%

Analyst Ratings

The average analyst rating for Southwest Airlines Co. stock from 17 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Oct '24	Nov '24	Dec '24	Jan '25	Feb '25	Mar '25
Strong Buy	1	1	1	1	1	0
Buy	3	3	3	3	3	3
Hold	10	10	10	9	9	10
Sell	1	0	0	1	1	2
Strong Sell	1	2	2	3	3	2
Total	16	16	16	17	17	17

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Thomas Wadewitz UBS	UBS	Strong Sell → Hold Upgrades $29 → $36	Strong Sell → Hold	Upgrades	$29 → $36	+3.81%	Mar 20, 2025
Conor Cunningham Melius Research	Melius Research	Strong Sell → Hold Upgrades $28 → $34	Strong Sell → Hold	Upgrades	$28 → $34	-1.96%	Mar 20, 2025
Jamie Baker JP Morgan	JP Morgan	Sell Maintains $25 → $30	Sell	Maintains	$25 → $30	-13.49%	Mar 18, 2025
Jamie Baker JP Morgan	JP Morgan	Hold → Sell Downgrades $25	Hold → Sell	Downgrades	$25	-27.91%	Mar 3, 2025
Christopher Stathoulopoulos Susquehanna	Susquehanna	Hold Maintains $38 → $34	Hold	Maintains	$38 → $34	-1.96%	Feb 4, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

29.52B

Increased by 7.40%

from 27.48B

Revenue Next Year

31.05B

Increased by 5.19%

from 29.52B

EPS This Year

1.65

Increased by 118.80%

from 0.75

EPS Next Year

2.43

Increased by 47.09%

from 1.65

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	9.05B	15.79B	23.81B	26.09B	27.48B	29.52B	31.05B	32.40B
Revenue Growth	-59.66%	74.51%	50.82%	9.56%	5.34%	7.40%	5.19%	4.35%
EPS	-5.44	1.61	0.87	0.76	0.75	1.65	2.43	3.19
EPS Growth	-	-	-45.73%	-13.46%	-0.26%	118.80%	47.09%	31.53%
Forward PE	-	-	-	-	-	21.01	14.29	10.86
No. Analysts	-	-	-	-	-	25	25	16

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

Revenue Forecast

Revenue	2025	2026	2027	2028	2029
High	31.1B	33.1B	35.5B
Avg	29.5B	31.1B	32.4B
Low	28.2B	28.7B	29.3B

Revenue Growth

Revenue Growth	2025	2026	2027	2028	2029
High	13.1%	12.1%	14.3%
Avg	7.4%	5.2%	4.4%
Low	2.7%	-2.8%	-5.5%

EPS Forecast

EPS	2025	2026	2027	2028	2029
High	2.14	3.15	4.46
Avg	1.65	2.43	3.19
Low	1.23	1.81	2.01

EPS Growth

EPS Growth	2025	2026	2027	2028	2029
High	184.0%	90.9%	83.8%
Avg	118.8%	47.1%	31.5%
Low	62.4%	9.9%	-17.2%

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.