Allegiant Travel shares surged 5.5% to $116.10 in the last trading session on heavy volume, following an analyst upgrade and target price increase from Citigroup. The upgrade was driven by anticipated synergies and long-term earnings potential from Allegiant's merger with Sun Country Airlines, completed earlier in 2026. The combined network spans nearly 175 cities and 650 routes, strengthening Allegiant's position in the leisure travel market. The company is expected to report a quarterly loss of $0.54 per share on revenues of $743.28 million, with the consensus EPS estimate revised 5.6% higher over the past 30 days. The stock currently carries a Zacks Rank #3, or Hold.
Allegiant Travel CompanyAnalyst upgrade and target price increase from Citigroup, plus merger synergies with Sun Country Airlines.
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