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

Core Insights - Allegiant Travel Company (NASDAQ:ALGT) is identified as a cheap stock with potential for growth over the next five years, with a price target raised to $65 from $50 by Susquehanna while maintaining a Neutral rating [1][3] Financial Performance - For Q2 2025, Allegiant Travel reported revenue of $669 million, approximately 3% higher than the previous year, with an operating margin of 8.6%, surpassing initial guidance and contributing to a first-half operating margin close to 9%, an improvement from the prior year [2][3] Fleet and Financial Position - The company made fleet changes, retiring 2 A320 series aircraft and receiving 5 new 737 MAX aircraft. Allegiant's financial position includes $853 million in cash and investments, with total debt just below $2 billion, resulting in a net leverage of 2.6 times [3] Industry Recognition - Allegiant was recognized as Skytrax's best low-cost carrier in North America for the second consecutive year, highlighting its competitive position in the leisure travel market [3][4]