Spirit Airlines Stock Forecast

Stock Price Forecast

The 7 analysts with 12-month price forecasts for Spirit Airlines stock have an average target of 2.61, with a low estimate of 2.00 and a high estimate of 3.50. The average target predicts an increase of 4.82% from the current stock price of 2.49.

Analyst Consensus: Sell

Target	Low	Average	Median	High
Price	$2.00	$2.61	$2.75	$3.50
Change	-19.68%	+4.82%	+10.44%	+40.56%

Analyst Ratings

The average analyst rating for SAVE stock from 9 stock analysts is "Sell". This means that analysts believe this stock is likely to lead to lower returns than market as a whole.

Recommendation Trends

Rating	Mar '24	Apr '24	May '24	Jun '24	Jul '24	Aug '24
Strong Buy	0	0	0	0	0	0
Buy	0	0	0	0	0	0
Hold	2	3	4	4	2	2
Sell	3	3	2	2	4	4
Strong Sell	1	1	1	1	3	3
Total	6	7	7	7	9	9

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Christopher Stathoulopoulos Susquehanna	Susquehanna	Sell Maintains $2.5 → $2.25	Sell	Maintains	$2.5 → $2.25	-9.64%	Aug 16, 2024
Stephen Trent Citigroup	Citigroup	Strong Sell Maintains $3.5 → $2.75	Strong Sell	Maintains	$3.5 → $2.75	+10.44%	Jul 23, 2024
Helane Becker TD Cowen	TD Cowen	Hold → Strong Sell Downgrades $2	Hold → Strong Sell	Downgrades	$2	-19.68%	Jul 17, 2024
Andrew Didora B of A Securities	B of A Securities	Sell Maintains $3.25 → $2.75	Sell	Maintains	$3.25 → $2.75	+10.44%	Jul 17, 2024
Christopher Stathoulopoulos Susquehanna	Susquehanna	Sell Maintains $3 → $2.5	Sell	Maintains	$3 → $2.5	+0.40%	Jul 16, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

5.11B

from 5.36B

-4.77%

from 5.36B

Revenue Next Year

5.15B

from 5.11B

0.90%

from 5.11B

EPS This Year

-6.66

from -4.10

EPS Next Year

-4.54

from -6.66

Fiscal Year	FY 2019	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	3.83B	1.81B	3.23B	5.07B	5.36B	5.11B	5.15B	5.67B
Revenue Growth	15.27%	-52.75%	78.49%	56.88%	5.80%	-4.77%	0.90%	10.07%
EPS	4.89	-5.06	-4.50	-5.10	-4.10	-6.66	-4.54	-1.41
EPS Growth	114.47%	-	-	-	-	-	-	-
Forward PE	-	-	-	-	-	-	-	-
No. Analysts	-	-	-	-	-	15	15	9

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

Revenue Forecast

Revenue	2024	2025	2026
High	5.7B	5.7B	6.3B
Avg	5.1B	5.2B	5.7B
Low	4.8B	4.6B	5.1B

Revenue Growth

Revenue Growth	2024	2025	2026
High	5.6%	12.5%	21.7%
Avg	-4.8%	0.9%	10.1%
Low	-10.6%	-10.5%	-0.4%

EPS Forecast

EPS	2024	2025	2026
High	-4.26	-2.89	-0.05
Avg	-6.66	-4.54	-1.41
Low	-7.46	-6.04	-2.84

EPS Growth

EPS Growth	2024	2025	2026
High	-	-	-
Avg	-	-	-
Low	-	-	-

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.