Southwest Airlines (LUV) Stock Forecast, Price Target & Predictions
LUV Stock Forecast
Southwest Airlines stock forecast is as follows: an average price target of $42.46 (represents a 48.05% upside from LUV’s last price of $28.68) and a rating consensus of 'Hold', based on 21 wall street analysts offering a 1-year stock forecast.
LUV Price Target
The average price target for Southwest Airlines (LUV) is $42.46 based on 1-year price targets from 21 Wall Street analysts in the past 3 months, with a price target range of $72.00 to $24.00. This represents a potential 48.05% upside from LUV's last price of $28.68.
LUV Analyst Ratings
According to 21 Wall Street analysts, Southwest Airlines's rating consensus is 'Hold'. The analyst rating breakdown for LUV stock is 0 'Strong Buy' (0.00%), 9 'Buy' (42.86%), 11 'Hold' (52.38%), 1 'Sell' (4.76%), and 0 'Strong Sell' (0.00%).
Southwest Airlines Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Sep 10, 2024 | Stephen Trent | Citigroup | $28.25 | $28.60 | -1.21% | -1.50% |
| Sep 03, 2024 | Duane Pfenningwerth | Evercore ISI | $35.00 | $28.92 | 21.02% | 22.04% |
| Aug 05, 2024 | David Vernon | Bernstein | $24.00 | $23.70 | 1.27% | -16.32% |
| Jul 26, 2024 | Michael Linenberg | Deutsche Bank | $29.00 | $28.08 | 3.28% | 1.12% |
| Jul 08, 2024 | Michael Linenberg | Deutsche Bank | $32.00 | $26.94 | 18.78% | 11.58% |
| Jul 05, 2024 | Savanthi Syth | Raymond James | $33.00 | $26.94 | 22.49% | 15.06% |
| Jun 12, 2024 | Brandon Olgenski | Barclays | $26.00 | $28.30 | -8.14% | -9.34% |
| May 06, 2024 | David Vernon | Bernstein | $26.00 | $26.15 | -0.57% | -9.34% |
| Apr 09, 2024 | Christopher Stathoulopoulos | Susquehanna | $27.00 | $28.65 | -5.76% | -5.86% |
| Mar 19, 2024 | Atul Maheswari | UBS | $36.00 | $28.17 | 27.80% | 25.52% |
The latest Southwest Airlines stock forecast, released on Sep 10, 2024 by Stephen Trent from Citigroup, set a price target of $28.25, which represents a -1.21% decrease from the stock price at the time of the forecast ($28.60), and a -1.50% decrease from LUV last price ($28.68).
Southwest Airlines Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 2 | 6 | 14 |
| Avg Price Target | $31.63 | $30.21 | $31.30 |
| Last Closing Price | $28.68 | $28.68 | $28.68 |
| Upside/Downside | 10.29% | 5.33% | 9.14% |
In the current month, the average price target of Southwest Airlines stock is $31.63, according to 2 Wall Street analysts offering twelve months forecast. The average price target represents a 10.29% increase as opposed to Southwest Airlines's last price of $28.68. This month's average price target is up 4.70% compared to last quarter, and up 1.05% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Sep 10, 2024 | Citigroup | Neutral | Neutral | Hold |
| Sep 03, 2024 | Morgan Stanley | Overweight | Overweight | Hold |
| Sep 03, 2024 | Evercore ISI | Outperform | Underperform | Downgrade |
| Sep 03, 2024 | Ascendiant | Buy | Buy | Hold |
| Sep 03, 2024 | Loop Capital Markets | - | Buy | Upgrade |
| Sep 03, 2024 | Keefe, Bruyette & Woods | Outperform | Outperform | Hold |
| Sep 03, 2024 | Wells Fargo | - | Underweight | Downgrade |
| Sep 03, 2024 | Evercore ISI | - | Outperform | Upgrade |
| Aug 05, 2024 | Bernstein | Market Perform | Market Perform | Hold |
| Jul 26, 2024 | Deutsche Bank | Market Perform | Hold | Downgrade |
Southwest Airlines's last stock rating was published by Citigroup on Sep 10, 2024. The company gave LUV a "Neutral" rating, the same as its previous rate.
Southwest Airlines Financial Forecast
Southwest Airlines Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $6.82B | - | $7.04B | $5.71B | $6.17B | $6.22B | - | $4.69B | $5.05B | $4.68B | $4.01B | $2.05B | $2.01B | $1.79B | $1.01B | $4.23B | $5.73B | $5.64B |
| Avg Forecast | $7.37B | $7.22B | $8.03B | $6.85B | $7.38B | $7.06B | $7.70B | $6.48B | $6.75B | $6.58B | $7.32B | $6.42B | $6.75B | $6.56B | $6.98B | $5.73B | $6.22B | $6.22B | $6.69B | $4.67B | $5.01B | $4.58B | $3.94B | $2.07B | $2.10B | $1.70B | $947.86M | $4.58B | $5.72B | $5.64B |
| High Forecast | $7.44B | $7.29B | $8.11B | $6.91B | $7.45B | $7.13B | $7.78B | $6.55B | $6.82B | $7.20B | $7.39B | $6.48B | $6.80B | $6.64B | $7.05B | $5.78B | $6.28B | $6.28B | $6.69B | $4.78B | $5.12B | $4.69B | $4.03B | $2.12B | $2.14B | $1.74B | $969.42M | $4.68B | $5.85B | $5.77B |
| Low Forecast | $7.29B | $7.14B | $7.94B | $6.77B | $7.30B | $6.99B | $7.62B | $6.42B | $6.68B | $6.41B | $7.25B | $6.35B | $6.69B | $6.50B | $6.90B | $5.67B | $6.16B | $6.15B | $6.69B | $4.57B | $4.90B | $4.48B | $3.85B | $2.02B | $2.05B | $1.66B | $927.26M | $4.48B | $5.60B | $5.52B |
| # Analysts | 6 | 4 | 4 | 6 | 4 | 3 | 7 | 4 | 4 | 9 | 7 | 4 | 7 | 13 | 6 | 6 | 5 | 5 | 5 | 5 | 6 | 12 | 11 | 7 | 7 | 8 | 7 | 10 | 9 | 6 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.01% | - | 1.01% | 1.00% | 0.99% | 1.00% | - | 1.01% | 1.01% | 1.02% | 1.02% | 0.99% | 0.96% | 1.05% | 1.06% | 0.93% | 1.00% | 1.00% |
Southwest Airlines's average Quarter revenue forecast for Mar 24 based on 4 analysts is $6.42B, with a low forecast of $6.35B, and a high forecast of $6.48B. LUV's average Quarter revenue forecast represents a -5.90% decrease compared to the company's last Quarter revenue of $6.82B (Dec 23).
Southwest Airlines EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 6 | 4 | 4 | 6 | 4 | 3 | 7 | 4 | 4 | 9 | 7 | 4 | 7 | 13 | 6 | 6 | 5 | 5 | 5 | 5 | 6 | 12 | 11 | 7 | 7 | 8 | 7 | 10 | 9 | 6 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $210.00M | - | $1.31B | $220.00M | $142.00M | $839.00M | - | $32.00M | $515.00M | $1.03B | $925.00M | $561.00M | $-914.00M | $-1.13B | $-837.00M | $190.00M | $998.00M | $1.15B |
| Avg Forecast | $415.55M | $407.14M | $452.89M | $386.16M | $416.17M | $398.43M | $434.33M | $365.74M | $380.71M | $370.96M | $413.02M | $36.14M | $380.49M | $370.30M | $393.53M | $32.85M | $351.03M | $1.30B | $377.09M | $29.87M | $566.50M | $1.18B | $728.79M | $600.42M | $-1.13B | $-1.30B | $-833.85M | $279.44M | $1.10B | $987.69M |
| High Forecast | $419.65M | $411.17M | $457.36M | $389.98M | $420.28M | $402.37M | $438.62M | $369.36M | $384.47M | $405.90M | $417.10M | $43.37M | $383.31M | $374.60M | $397.42M | $39.42M | $354.50M | $1.56B | $377.09M | $35.84M | $679.80M | $1.42B | $874.55M | $720.51M | $-900.94M | $-1.04B | $-667.08M | $335.33M | $1.32B | $1.19B |
| Low Forecast | $411.20M | $402.88M | $448.15M | $382.12M | $411.81M | $394.26M | $429.79M | $361.91M | $376.73M | $361.54M | $408.70M | $28.91M | $377.10M | $366.70M | $389.41M | $26.28M | $347.35M | $1.04B | $377.09M | $23.89M | $453.20M | $944.24M | $583.03M | $480.34M | $-1.35B | $-1.56B | $-1.00B | $223.55M | $878.97M | $790.16M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.55% | - | 3.34% | 6.70% | 0.40% | 0.65% | - | 1.07% | 0.91% | 0.87% | 1.27% | 0.93% | 0.81% | 0.87% | 1.00% | 0.68% | 0.91% | 1.16% |
4 analysts predict LUV's average Quarter EBITDA for Mar 24 to be $36.14M, with a high of $43.37M and a low of $28.91M. This is -82.79% lower than Southwest Airlines's previous annual EBITDA (Dec 23) of $210.00M.
Southwest Airlines Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 6 | 4 | 4 | 6 | 4 | 3 | 7 | 4 | 4 | 9 | 7 | 4 | 7 | 13 | 6 | 6 | 5 | 5 | 5 | 5 | 6 | 12 | 11 | 7 | 7 | 8 | 7 | 10 | 9 | 6 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $-252.00M | - | $683.00M | $-159.00M | $-220.00M | $277.00M | - | $-278.00M | $68.00M | $446.00M | $348.00M | $116.00M | $-908.00M | $-1.16B | $-915.00M | $-94.00M | $513.00M | $659.00M |
| Avg Forecast | $205.76M | $6.43M | $578.70M | $-128.60K | $271.51M | $64.46M | $425.34M | $-116.38M | $117.10M | $-140.68M | $331.88M | $-313.95M | $80.03M | $243.14M | $702.99M | $-285.41M | $-44.91M | $563.28M | $698.94M | $-259.47M | $74.80M | $512.07M | $274.18M | $124.15M | $-1.12B | $-1.33B | $-911.56M | $-138.25M | $564.77M | $567.47M |
| High Forecast | $208.40M | $6.51M | $586.13M | $-126.85K | $274.99M | $65.29M | $430.81M | $-114.80M | $118.61M | $-64.48M | $336.14M | $-251.16M | $145.50M | $300.73M | $712.02M | $-228.33M | $-44.30M | $675.94M | $698.94M | $-207.57M | $89.76M | $614.49M | $329.02M | $148.98M | $-895.03M | $-1.07B | $-729.25M | $-110.60M | $677.72M | $680.97M |
| Low Forecast | $202.96M | $6.34M | $570.82M | $-130.25K | $267.81M | $63.58M | $419.56M | $-117.87M | $115.51M | $-199.30M | $327.36M | $-376.75M | $-21.83M | $127.97M | $693.42M | $-342.50M | $-45.48M | $450.63M | $698.94M | $-311.36M | $59.84M | $409.66M | $219.35M | $99.32M | $-1.34B | $-1.60B | $-1.09B | $-165.90M | $451.82M | $453.98M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | -3.15% | - | 0.97% | 0.56% | 4.90% | 0.49% | - | 1.07% | 0.91% | 0.87% | 1.27% | 0.93% | 0.81% | 0.87% | 1.00% | 0.68% | 0.91% | 1.16% |
Southwest Airlines's average Quarter net income forecast for Sep 23 is $243.14M, with a range of $127.97M to $300.73M. LUV's average Quarter net income forecast represents a -64.40% decrease compared to the company's last Quarter net income of $683.00M (Jun 23).
Southwest Airlines SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 6 | 4 | 4 | 6 | 4 | 3 | 7 | 4 | 4 | 9 | 7 | 4 | 7 | 13 | 6 | 6 | 5 | 5 | 5 | 5 | 6 | 12 | 11 | 7 | 7 | 8 | 7 | 10 | 9 | 6 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Avg Forecast | $1.19B | $1.17B | $1.30B | $1.11B | $1.19B | $1.14B | $1.25B | $1.05B | $1.09B | $1.06B | $1.18B | $1.04B | $1.09B | $1.06B | $1.13B | $926.39M | $1.01B | $1.01B | $1.08B | $755.39M | $810.54M | $741.46M | $637.15M | $334.79M | $339.17M | $275.14M | $153.34M | $740.35M | $926.08M | $912.42M |
| High Forecast | $1.20B | $1.18B | $1.31B | $1.12B | $1.21B | $1.15B | $1.26B | $1.06B | $1.10B | $1.16B | $1.20B | $1.05B | $1.10B | $1.07B | $1.14B | $935.55M | $1.02B | $1.02B | $1.08B | $772.57M | $828.97M | $758.32M | $651.64M | $342.41M | $346.88M | $281.40M | $156.83M | $757.19M | $947.14M | $933.17M |
| Low Forecast | $1.18B | $1.16B | $1.29B | $1.10B | $1.18B | $1.13B | $1.23B | $1.04B | $1.08B | $1.04B | $1.17B | $1.03B | $1.08B | $1.05B | $1.12B | $916.69M | $996.20M | $995.33M | $1.08B | $738.97M | $792.92M | $725.34M | $623.30M | $327.51M | $331.79M | $269.16M | $150.00M | $724.25M | $905.94M | $892.58M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Southwest Airlines's average Quarter SG&A projection for undefined is $NaN, based on undefined Wall Street analysts, with a range of $NaN to $NaN. The forecast indicates a NaN% fall compared to LUV last annual SG&A of $NaN (undefined).
Southwest Airlines EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 6 | 4 | 4 | 6 | 4 | 3 | 7 | 4 | 4 | 9 | 7 | 4 | 7 | 13 | 6 | 6 | 5 | 5 | 5 | 5 | 6 | 12 | 11 | 7 | 7 | 8 | 7 | 10 | 9 | 6 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $-0.42 | - | $1.15 | $-0.27 | $-0.37 | $0.47 | - | $-0.47 | $0.11 | $0.75 | $0.59 | $0.20 | $-1.54 | $-1.96 | $-1.63 | $-0.18 | $0.98 | $1.24 |
| Avg Forecast | $0.32 | $0.01 | $0.90 | $-0.00 | $0.42 | $0.10 | $0.66 | $-0.18 | $0.18 | $-0.22 | $0.52 | $-0.34 | $0.12 | $0.38 | $1.09 | $-0.23 | $-0.07 | $0.41 | $1.17 | $-0.30 | $0.07 | $-0.27 | $-0.22 | $-1.85 | $-1.68 | $-2.35 | $-2.72 | $-0.29 | $1.09 | $1.08 |
| High Forecast | $0.32 | $0.01 | $0.91 | $-0.00 | $0.43 | $0.10 | $0.67 | $-0.18 | $0.18 | $-0.10 | $0.52 | $-0.33 | $0.23 | $0.47 | $1.11 | $-0.23 | $-0.07 | $0.42 | $1.17 | $-0.30 | $0.07 | $-0.27 | $-0.22 | $-1.80 | $-1.64 | $-2.28 | $-2.64 | $-0.29 | $1.13 | $1.11 |
| Low Forecast | $0.32 | $0.01 | $0.89 | $-0.00 | $0.42 | $0.10 | $0.65 | $-0.18 | $0.18 | $-0.31 | $0.51 | $-0.34 | $-0.03 | $0.20 | $1.08 | $-0.23 | $-0.07 | $0.41 | $1.17 | $-0.31 | $0.07 | $-0.28 | $-0.23 | $-1.91 | $-1.73 | $-2.42 | $-2.80 | $-0.30 | $1.06 | $1.05 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | -3.37% | - | 1.05% | 1.16% | 5.30% | 1.13% | - | 1.54% | 1.54% | -2.75% | -2.64% | -0.11% | 0.91% | 0.83% | 0.60% | 0.61% | 0.90% | 1.15% |
According to 13 Wall Street analysts, Southwest Airlines's projected average Quarter EPS for Sep 23 is $0.38, with a low estimate of $0.20 and a high estimate of $0.47. This represents a -67.12% decrease compared to LUV previous annual EPS of $1.15 (Jun 23).
Southwest Airlines Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| SAVE | Spirit Airlines | $2.50 | $17.48 | 599.20% | Buy |
| ULCC | Frontier Group | $4.31 | $11.07 | 156.84% | Hold |
| AAL | American Airlines Group | $10.69 | $19.79 | 85.13% | Hold |
| JBLU | JetBlue Airways | $5.94 | $9.45 | 59.09% | Hold |
| LUV | Southwest Airlines | $28.68 | $42.46 | 48.05% | Hold |
| DAL | Delta Air Lines | $45.18 | $57.16 | 26.52% | Buy |
| UAL | United Airlines | $50.22 | $61.12 | 21.70% | Buy |
LUV Forecast FAQ
Is Southwest Airlines a good buy?
No, according to 21 Wall Street analysts, Southwest Airlines (LUV) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 9 'Buy' recommendations, accounting for 42.86% of LUV's total ratings.
What is LUV's price target?
Southwest Airlines (LUV) average price target is $42.46 with a range of $24 to $72, implying a 48.05% from its last price of $28.68. The data is based on 21 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Southwest Airlines stock go up soon?
According to Wall Street analysts' prediction for LUV stock, the company can go up by 48.05% (from the last price of $28.68 to the average price target of $42.46), up by 151.05% based on the highest stock price target, and down by -16.32% based on the lowest stock price target.
Can Southwest Airlines stock reach $40?
LUV's average twelve months analyst stock price target of $42.46 supports the claim that Southwest Airlines can reach $40 in the near future.
What is Southwest Airlines's current price target trend?
2 Wall Street analysts forecast a $31.63 price target for Southwest Airlines (LUV) this month, up 10.29% from its last price of $28.68. Compared to the last 3 and 12 months, the average price target increased by 5.33% and increased by 9.14%, respectively.
What are Southwest Airlines's analysts' financial forecasts?
Southwest Airlines's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $28.63B (high $28.91B, low $28.33B), average EBITDA is $1.61B (high $1.63B, low $1.6B), average net income is $644.93M (high $656.29M, low $633.08M), average SG&A $4.63B (high $4.68B, low $4.58B), and average EPS is $1 (high $1.02, low $0.985). LUV's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $29.46B (high $29.75B, low $29.15B), average EBITDA is $1.66B (high $1.68B, low $1.64B), average net income is $790.76M (high $800.92M, low $779.99M), average SG&A $4.77B (high $4.81B, low $4.72B), and average EPS is $1.23 (high $1.25, low $1.21).
Did the LUV's actual financial results beat the analysts' financial forecasts?
Based on Southwest Airlines's last annual report (Dec 2023), the company's revenue was $26.09B, beating the average analysts forecast of $26.01B by 0.30%. Apple's EBITDA was $2.41B, beating the average prediction of $1.18B by 105.07%. The company's net income was $465M, missing the average estimation of $740.75M by -37.23%. Apple's SG&A was $0, missing the average forecast of $4.21B by -100.00%. Lastly, the company's EPS was $0.78, missing the average prediction of $1.36 by -42.81%. In terms of the last quarterly report (Dec 2023), Southwest Airlines's revenue was $6.82B, beating the average analysts' forecast of $6.75B by 1.15%. The company's EBITDA was $210M, missing the average prediction of $380.49M by -44.81%. Southwest Airlines's net income was $-252M, missing the average estimation of $80.03M by -414.89%. The company's SG&A was $0, missing the average forecast of $1.09B by -100.00%. Lastly, the company's EPS was $-0.42, missing the average prediction of $0.124 by -437.46%