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Spirit Airlines (SAVEQ)
OTHER OTC:SAVEQ
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Spirit Airlines (SAVEQ) Stock Forecast & Price Target

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See the Price Targets and Ratings of:

SAVEQ Analyst Ratings

Strong Sell
5Ratings
0 Buy
1 Hold
4 Sell
Based on 5 analysts giving stock ratings to
Spirit
Airlines
in the past 3 months
TipRanks enables you to focus on the analyst rating consensus of all analysts or only the top performers​ in the past 3 months

SAVEQ Stock 12 Month Forecast

Average Price Target

$1.25
▲(95.31% Upside)
Based on 5 Wall Street analysts offering 12 month price targets for Spirit Airlines in the last 3 months. The average price target is $1.25 with a high forecast of $2.00 and a low forecast of $0.50. The average price target represents a 95.31% change from the last price of $0.64.
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Highest Price Target$2.00Average Price Target$1.25Lowest Price Target$0.50
The highest, average, and lowest price target of all analysts. Click on ‘Top Analysts’ to focus on the best performers.

Detailed List of Analyst Forecasts​

Ranks
Any
Any
Analyst Rating
Any
Any
Upside/ Downside
Any
Any
Action
Any
Any
Analyst Profile
Expert Firm
Price Target
Position
Upside / Downside
Action
Date
Follow
Article
Bank of America Securities
Sell
Reiterated
08/02/24
Spirit Airlines (SAVE) Gets a Sell from Bank of America Securities
Deutsche Bank
$2
Sell
212.50%
Upside
Reiterated
08/01/24
We note that Spirit will be blocking six seats on each aircraft to give Go Big/Go Comfy travelers more comfort with a blocked middle seat. The next product revamp will likely be the company's loyalty program. We think this next phase is the right one for the company to ultimately drive higher unit revenue generation, but recognize that the new revenue initiatives and brand transformation will take time to fully materialize (beyond 12 months). At full run- rate, the new product initiatives are projected to be worth just under $1 billion or an additional 15 percentage points to RASM. In the meantime, Spirit is incurring the costs associated with the product launch such as additional crew training, reconfigured IT and distribution expense, airport-related costs, among others, which the company described as a 3 to 4 point near-term margin headwind.
Raymond James
Sell
Downgraded
07/05/24
Spirit Airlines downgraded to Underperform from Market Perform at Raymond JamesSpirit Airlines downgraded to Underperform from Market Perform at Raymond James
Evercore ISI
$3.5$3
Hold
368.75%
Upside
Reiterated
05/07/24
Spirit Airlines price target lowered to $3 from $3.50 at Evercore ISISpirit Airlines price target lowered to $3 from $3.50 at Evercore ISI
J.P. Morgan
Buy
Reiterated
02/16/24
Spirit Airlines (SAVE) Receives a Buy from J.P. Morgan

Best Analysts Covering Spirit Airlines

Which Analyst Should I Follow If I Want to Buy SAVEQ and Sell After:
1 Month
xxx
Success Rate
10/17 ratings generated profit
59%
Average Return
+9.18%
assigned a xxx
rating last month
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 1 Month would result in 58.82% of your transactions generating a profit, with an average return of +9.18% per trade.
3 Months
xxx
Success Rate
13/17 ratings generated profit
76%
Average Return
+22.04%
assigned a xxx
rating last month
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 3 Months would result in 76.47% of your transactions generating a profit, with an average return of +22.04% per trade.
1 Year
Success Rate
22/33 ratings generated profit
67%
Average Return
+40.08%
reiterated a sell rating 2 months ago
Copying Stephen Trent's trades and holding each position for 1 Year would result in 66.67% of your transactions generating a profit, with an average return of +40.08% per trade.
2 Years
xxx
Success Rate
10/17 ratings generated profit
59%
Average Return
+22.37%
assigned a xxx
rating last month
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 2 Years would result in 58.82% of your transactions generating a profit, with an average return of +22.37% per trade.
The Best Analyst Covering tool allows you to follow the analysts who have the best success rates and average returns on a specific stock. Only analysts that gave a Buy or Sell rating on the stock in the past 12 months are eligible for inclusion in this tool. Follow the analysts of your choice to receive real-time updates when they publish a new rating.

SAVEQ Analyst Recommendation Trends

Rating
Jul 24
Aug 24
Sep 24
Oct 24
Nov 24
Strong Buy
0
0
0
0
0
Buy
0
0
0
0
0
Hold
5
5
1
3
2
Sell
17
18
15
10
7
Strong Sell
0
0
0
0
2
total
22
23
16
13
11
In the current month, SAVEQ has received 0 Buy Ratings, 2 Hold Ratings, and 9 Sell Ratings. SAVEQ average Analyst price target in the past 3 months is $1.25.
Each month's total comprises the sum of three months' worth of ratings.
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SAVEQ Financial Forecast

SAVEQ Earnings Forecast

Next quarter’s earnings estimate for SAVEQ is -$1.75 with a range of -$1.92 to -$1.48. The previous quarter’s EPS was ―. SAVEQ beat its EPS estimate 33.33% of the time in the past 12 months, while its overall industry beat the EPS estimate 62.12% of the time in the same period. In the last calendar year SAVEQ has Underperformed its overall industry.
Next quarter’s earnings estimate for SAVEQ is -$1.75 with a range of -$1.92 to -$1.48. The previous quarter’s EPS was ―. SAVEQ beat its EPS estimate 33.33% of the time in the past 12 months, while its overall industry beat the EPS estimate 62.12% of the time in the same period. In the last calendar year SAVEQ has Underperformed its overall industry.

SAVEQ Sales Forecast

Next quarter’s sales forecast for SAVEQ is $1.02B with a range of $1.02B to $1.02B. The previous quarter’s sales results were ―. SAVEQ beat its sales estimates 33.33% of the time in past 12 months, while its overall industry beat sales estimates 57.44% of the time in the same period. In the last calendar year SAVEQ has Underperformed its overall industry.
Next quarter’s sales forecast for SAVEQ is $1.02B with a range of $1.02B to $1.02B. The previous quarter’s sales results were ―. SAVEQ beat its sales estimates 33.33% of the time in past 12 months, while its overall industry beat sales estimates 57.44% of the time in the same period. In the last calendar year SAVEQ has Underperformed its overall industry.

SAVEQ Stock Forecast FAQ

What is SAVEQ’s average 12-month price target, according to analysts?
Based on analyst ratings, Spirit Airlines’s 12-month average price target is $1.25.
    What is SAVEQ’s upside potential, based on the analysts’ average price target?
    Spirit Airlines has 95.31% upside potential, based on the analysts’ average price target.
      Can I see which stocks the top-ranking analysts are rating?
      Yes, go to the Analysts’ Top Stocks tool to see stocks with a Strong Buy or Strong Sell analyst rating consensus, according to the top performers.
        How can I follow the stock ratings of top Wall Street analysts?
        Head over to our Expert Center to see a list of the top 100 Wall Street analysts and follow the analysts of your choice. Visit their profiles for more details about their stock ratings and see how they perform on a stock-by-stock basis.
          Is SAVEQ a Buy, Sell or Hold?
          Spirit Airlines has a consensus rating of Strong Sell which is based on 0 buy ratings, 1 hold ratings and 4 sell ratings.
            What is Spirit Airlines’s price target?
            The average price target for Spirit Airlines is $1.25. This is based on 5 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
            The highest analyst price target is $2.00 ,the lowest forecast is $0.50. The average price target represents 95.31% Increase from the current price of $0.64.
              What do analysts say about Spirit Airlines?
              Spirit Airlines’s analyst rating consensus is a Strong Sell. This is based on the ratings of 5 Wall Streets Analysts.
                How can I buy shares of SAVEQ?
                Open a brokerage account, see exclusive account opening deals on our Best Online Brokers page.
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