Susquehanna Lifts Allegiant (ALGT) PT to $65 Amid Q3 2025 Earnings Preview

Allegiant Travel Company (NASDAQ:ALGT) is one of the cheap stocks to buy for the next 5 years. On October 3, Susquehanna raised the firm’s price target on Allegiant Travel to $65 from $50, while keeping a Neutral rating on the shares as part of its Q3 2025 earnings preview for the airlines group.

Earlier for Q2 2025, Allegiant Travel reported that the company’s revenue reached $669 million, which was ~3% above the prior year’s figure. The company achieved an operating margin of 8.6%, successfully exceeding its initial guidance, contributing to a first-half operating margin close to 9%, an improvement over the previous year.

Fleet changes included the retirement of 2 A320 series aircraft and the delivery of 5 new 737 MAX aircraft. The company’s financial position included $853 million in cash and investments, and a total debt of just below $2 billion, resulting in a net leverage of 2.6 times. Allegiant was also named Skytrax’s best low-cost carrier in North America for the second consecutive year.

Allegiant Travel Company (NASDAQ:ALGT) is a leisure travel company that provides travel and leisure services and products to residents of underserved cities in the US.

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Disclosure: None. This article is originally published at Insider Monkey.