Southwest Airlines Co. Stock Forecast

Stock Price Forecast

According to 25 analysts polled by S&P Global, Southwest Airlines Co. stock has a consensus rating of "Hold" and an average price target of $45.64. The average 1-year stock price forecast is 7.95% higher than the current stock price, while the lowest is $30 (-29.04%) and the highest is $60 (+41.91%).

Price Target: $45.64 (+7.95%)

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$30	$45.64	$45	$60
Change	-29.04%	+7.95%	+6.43%	+41.91%

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	Jan '26	Feb '26	Mar '26	Apr '26	May '26	Jun '26
Strong Buy	5	7	7	7	7	7
Buy	4	4	4	4	4	4
Hold	11	9	9	10	9	9
Sell	2	2	2	2	3	3
Strong Sell	3	3	3	2	2	2
Total	25	25	25	25	25	25

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Ravi Shanker Morgan Stanley	Morgan Stanley	Buy Maintains $55 → $60	Buy	Maintains	$55 → $60	+41.91%	Jun 1, 2026
Christian Wetherbee Wells Fargo	Wells Fargo	Hold Reiterates $44	Hold	Reiterates	$44	+4.07%	May 28, 2026
Thomas Fitzgerald CFA TD Cowen	TD Cowen	Buy Maintains $47	Buy	Maintains	$47	+11.16%	May 27, 2026
Atul Maheswari UBS	UBS	Buy Maintains $49 → $53	Buy	Maintains	$49 → $53	+25.35%	May 26, 2026
David Vernon Bernstein	Bernstein	Hold Maintains $45	Hold	Maintains	$45	+6.43%	May 11, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

32.71B

from 28.06B

16.56%

from 28.06B

Revenue Next Year

33.70B

from 32.71B

3.03%

from 32.71B

EPS This Year

2.70

from 0.93

190.05%

from 0.93

EPS Next Year

4.53

from 2.70

67.86%

from 2.70

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	15.79B	23.81B	26.09B	27.48B	28.06B	32.71B
Revenue Growth	74.51%	50.82%	9.56%	5.34%	2.11%	16.56%
Gross Profit	2.33B	5.91B	5.56B	5.86B	6.19B	4.19B
Gross Margin	14.78%	24.81%	21.30%	21.32%	22.04%	12.80%
Operating Income	-1.13B	1.01B	222.00M	285.00M	478.00M	1.70B
Net Income	977.00M	539.00M	465.00M	465.00M	441.00M	1.35B
EPS	-	-	-	-	0.93	2.70
EPS Growth	-	-	-	-	-3.12%	190.05%
Forward PE	41.58	11.30	27.85	21.53	15.58	15.67
Dividend / Share	-	0.18	0.72	0.72	0.72	0.72
Dividend Growth	-	-	300.00%	-	-	-
Free Cash Flow	643.00M	-412.88M	22.25M	-2.08B	-683.88M	24.13M
No. Analysts	-	-	-	-	-	21

EPS and Forward PE are based on non-GAAP adjusted numbers.

Revenue Forecast

Revenue	2026	2027	2028
High	33.2B
Avg	32.7B
Low	32.2B

Revenue Growth

Revenue Growth	2026	2027	2028
High	18.2%
Avg	16.6%
Low	14.6%

EPS Forecast

EPS	2026	2027	2028
High	-
Avg	2.70
Low	-

EPS Growth

EPS Growth	2026	2027	2028
High	-
Avg	190.1%
Low	-