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Allegiant Travel Company ( (ALGT) ) has shared an update.
On July 3, 2025, Allegiant Travel Company announced an agreement to sell its Sunseeker Resort Charlotte Harbor, Aileron Golf Course, and related properties in Southwest Florida to Blackstone Real Estate Group for $200 million, with the transaction expected to close in September 2025. Additionally, the company borrowed $158.6 million through credit facilities secured by Boeing 737-MAX aircraft to finance aircraft deliveries and manage debt, with $151 million in loan commitments still available.
The most recent analyst rating on (ALGT) stock is a Hold with a $87.00 price target. To see the full list of analyst forecasts on Allegiant Travel Company stock, see the ALGT Stock Forecast page.
Spark’s Take on ALGT Stock
According to Spark, TipRanks’ AI Analyst, ALGT is a Neutral.
Allegiant Travel Company’s mixed financial performance and strategic challenges weigh heavily on its score. However, recent operational improvements and positive corporate events show potential for future growth. The company needs to address profitability and leverage issues to improve investor confidence.
To see Spark’s full report on ALGT stock, click here.
More about Allegiant Travel Company
Allegiant Travel Company operates in the travel industry, primarily focusing on providing low-cost air travel services. The company is known for its affordable flights and vacation packages, catering to leisure travelers in the United States.
Average Trading Volume: 444,617
Technical Sentiment Signal: Strong Sell
Current Market Cap: $1.01B
For a thorough assessment of ALGT stock, go to TipRanks’ Stock Analysis page.