What Wall Street Analysts Recommend for Southwest Airlines

Ally Schmidt - Author

Nov. 20 2020, Updated 2:31 p.m. ET

Analysts’ ratings

Right now, 36.8% (seven) of the analysts tracking Southwest Airlines (LUV) stock have given it “strong buy” ratings. Another 52.6% of analysts (ten) have “buy” ratings on the stock. The remaining 10.5% of analysts (two) have “hold” ratings on the stock. No analysts have “sell” ratings on LUV.

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Analysts’ upgrades

Only one analyst has raised LUV’s target price since its traffic release on December 7, 2017. Imperial Capital has raised its target price for the stock from $66 to $75. Imperial Capital initially reduced its target price from $68 to $66 following LUV’s 3Q17 earnings release.

Three other analyst upgrades followed Southwest Airlines’ third-quarter earnings: JPMorgan Chase raised its price target from $66 to $67. Cowen and Company raised its target price from $62 to $64. Deutsche Bank raised its target price from $63 to $71 while maintaining its “buy” rating on the stock.

Target price

The 12-month consensus target price for Southwest Airlines is $68.7, which is higher than the $65.8 target price the stock had following its 3Q17 results. Currently, the stock’s highest target price is $83, and its lowest target price is $60. At its current consensus target price, the stock has a return potential of 6.2%.

You may also be interested in reading traffic updates on United Continental (UAL) and Delta Air Lines (DAL). Keep visiting Market Realist’s Airlines page for future updates on airlines such as JetBlue Airways (JBLU) and Spirit Airlines (SAVE).

Investors can gain exposure to Southwest Airlines by investing in the First Trust Long/Short Equity ETF (FTLS), which holds 1.3% of its portfolio in LUV.


Latest First Trust Long/Short Equity ETF News and Updates

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