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Southwest Airlines (LUV) Stock Forecast, Price Target & Predictions

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LUV Stock Forecast

Southwest Airlines stock forecast is as follows: an average price target of $42.36 (represents a 33.33% upside from LUV’s last price of $31.77) and a rating consensus of 'Hold', based on 22 wall street analysts offering a 1-year stock forecast.

LUV Price Target

The average price target for Southwest Airlines (LUV) is $42.36 based on 1-year price targets from 22 Wall Street analysts in the past 3 months, with a price target range of $72.00 to $24.00. This represents a potential 33.33% upside from LUV's last price of $31.77.

LUV Analyst Ratings

Hold

According to 22 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' (40.91%), 12 'Hold' (54.55%), 1 'Sell' (4.55%), and 0 'Strong Sell' (0.00%).

Southwest Airlines Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Nov 15, 2024Catherine O'BrienGoldman Sachs$28.00$32.42-13.63%-11.87%
Oct 09, 2024Christopher StathoulopoulosSusquehanna$30.00$30.67-2.18%-5.57%
Oct 09, 2024Sheila KahyaogluJefferies$32.00$30.644.44%0.72%
Oct 03, 2024Stephen TrentCitigroup$31.50$29.576.53%-0.85%
Oct 02, 2024Sheila KahyaogluJefferies$24.00$29.88-19.68%-24.46%
Sep 25, 2024Brandon OlgenskiBarclays$27.00$29.75-9.24%-15.01%
Sep 10, 2024Stephen TrentCitigroup$28.25$28.60-1.21%-11.08%
Sep 03, 2024Duane PfenningwerthEvercore ISI$35.00$28.9221.02%10.17%
Aug 05, 2024David VernonBernstein$24.00$23.701.27%-24.46%
Jul 26, 2024Michael LinenbergDeutsche Bank$29.00$28.083.28%-8.72%
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The latest Southwest Airlines stock forecast, released on Nov 15, 2024 by Catherine O'Brien from Goldman Sachs, set a price target of $28.00, which represents a -13.63% decrease from the stock price at the time of the forecast ($32.42), and a -11.87% decrease from LUV last price ($31.77).

Southwest Airlines Price Target by Period

1M3M12M
# Anlaysts1820
Avg Price Target$28.00$29.47$30.54
Last Closing Price$31.77$31.77$31.77
Upside/Downside-11.87%-7.24%-3.87%

In the current month, the average price target of Southwest Airlines stock is $28.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a -11.87% decrease as opposed to Southwest Airlines's last price of $31.77. This month's average price target is down -4.99% compared to last quarter, and down -8.32% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Oct 15, 2024BarclaysEqual-WeightEqual-WeightHold
Oct 09, 2024SusquehannaNeutralNeutralHold
Oct 09, 2024JefferiesUnderperformHoldUpgrade
Oct 03, 2024CitigroupNeutralNeutralHold
Oct 02, 2024JefferiesUnderperformUnderperformHold
Sep 30, 2024Seaport GlobalBuyBuyHold
Sep 25, 2024BernsteinMarket PerformMarket PerformHold
Sep 19, 2024Cowen & Co.HoldHoldHold
Sep 10, 2024CitigroupNeutralNeutralHold
Sep 03, 2024Keefe, Bruyette & WoodsOutperformOutperformHold
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Southwest Airlines's last stock rating was published by Barclays on Oct 15, 2024. The company gave LUV a "Equal-Weight" rating, the same as its previous rate.

Southwest Airlines Financial Forecast

Southwest Airlines Revenue Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
Revenue------------$6.82B-$7.04B$5.71B$6.17B$6.22B$6.73B$4.69B$5.05B$4.68B$4.01B$2.05B$2.01B$1.79B$1.01B$4.23B$5.73B$5.64B
Avg Forecast$7.50B$7.62B$8.26B$6.82B$7.26B$7.29B$7.73B$6.52B$6.86B$6.77B$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$7.56B$7.68B$8.32B$6.87B$7.32B$7.35B$7.79B$6.56B$6.89B$6.87B$7.32B$6.42B$6.80B$6.64B$7.03B$5.77B$6.27B$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
Low Forecast$7.42B$7.53B$8.16B$6.74B$7.18B$7.21B$7.64B$6.49B$6.80B$6.67B$7.32B$6.42B$6.69B$6.50B$6.90B$5.66B$6.15B$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
# Analysts333344461093471366555111211109933322
Surprise %------------1.01%-1.01%1.00%0.99%1.00%1.01%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 $6.42B, and a high forecast of $6.42B. 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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts333344461093471366555111211109933322
EBITDA------------$210.00M-$1.31B$220.00M$142.00M$839.00M$1.44B$32.00M$515.00M$1.03B$925.00M$561.00M$-914.00M$-1.13B$-837.00M$190.00M$998.00M$1.15B
Avg Forecast$410.69M$416.93M$451.73M$373.20M$397.37M$399.13M$422.96M$356.69M$375.33M$370.61M$400.68M$36.14M$369.12M$359.24M$381.78M$32.85M$623.15M$350.72M$377.09M$29.87M$282.62M$258.53M$222.16M$600.42M$118.26M$95.94M$53.47M$279.44M$322.90M$318.14M
High Forecast$413.81M$420.10M$455.17M$376.04M$400.40M$402.17M$426.18M$358.87M$376.98M$376.05M$400.68M$43.37M$371.86M$363.41M$384.68M$39.42M$747.78M$350.72M$377.09M$35.84M$282.62M$258.53M$222.16M$720.51M$118.26M$95.94M$53.47M$335.33M$322.90M$318.14M
Low Forecast$406.09M$412.26M$446.68M$369.03M$392.93M$394.67M$418.23M$355.06M$372.05M$365.16M$400.68M$28.91M$365.84M$355.75M$377.50M$26.28M$498.52M$350.72M$377.09M$23.89M$282.62M$258.53M$222.16M$480.34M$118.26M$95.94M$53.47M$223.55M$322.90M$318.14M
Surprise %------------0.57%-3.44%6.70%0.23%2.39%3.83%1.07%1.82%3.98%4.16%0.93%-7.73%-11.75%-15.65%0.68%3.09%3.61%

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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts333344461093471366555111211109933322
Net Income------------$-252.00M-$683.00M$-159.00M$-220.00M$277.00M$760.00M$-278.00M$68.00M$446.00M$348.00M$116.00M$-908.00M$-1.16B$-915.00M$-94.00M$513.00M$659.00M
Avg Forecast$258.43M$288.48M$733.22M$-120.20K$262.72M$223.10M$521.00M$-33.46M$214.12M$28.64M$310.20M$-313.95M$74.80M$227.26M$657.07M$-285.41M$82.28M$266.44M$752.80M$-259.47M$45.88M$-175.67M$-143.94M$124.15M$-1.08B$-1.51B$-1.75B$-138.25M$702.77M$693.15M
High Forecast$260.98M$291.33M$740.47M$-118.45K$265.32M$225.31M$526.16M$25.09M$345.89M$28.93M$310.24M$-251.16M$136.00M$281.09M$686.82M$-228.33M$98.74M$266.44M$757.99M$-207.57M$45.88M$-175.67M$-143.94M$148.98M$-1.08B$-1.51B$-1.75B$-110.60M$702.77M$693.15M
Low Forecast$254.67M$284.29M$722.55M$-121.39K$258.90M$219.86M$513.42M$-125.46M$159.22M$28.23M$310.16M$-376.75M$-20.40M$119.61M$627.32M$-342.50M$65.82M$266.44M$747.61M$-311.36M$45.88M$-175.67M$-143.94M$99.32M$-1.08B$-1.51B$-1.75B$-165.90M$702.77M$693.15M
Surprise %-------------3.37%-1.04%0.56%-2.67%1.04%1.01%1.07%1.48%-2.54%-2.42%0.93%0.84%0.77%0.52%0.68%0.73%0.95%

Southwest Airlines's average Quarter net income forecast for Sep 23 is $227.26M, with a range of $119.61M to $281.09M. LUV's average Quarter net income forecast represents a -66.73% decrease compared to the company's last Quarter net income of $683.00M (Jun 23).

Southwest Airlines SG&A Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts333344461093471366555111211109933322
SG&A------------------------------
Avg Forecast$1.21B$1.23B$1.34B$1.10B$1.17B$1.18B$1.25B$1.05B$1.11B$1.10B$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$1.22B$1.24B$1.35B$1.11B$1.18B$1.19B$1.26B$1.06B$1.11B$1.11B$1.18B$1.04B$1.10B$1.07B$1.14B$933.44M$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
Low Forecast$1.20B$1.22B$1.32B$1.09B$1.16B$1.17B$1.24B$1.05B$1.10B$1.08B$1.18B$1.04B$1.08B$1.05B$1.12B$916.03M$995.48M$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
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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts333344461093471366555111211109933322
EPS------------$-0.42-$1.15$-0.27$-0.37$0.47$1.29$-0.47$0.11$0.75$0.59$0.20$-1.54$-1.96$-1.63$-0.18$0.98$1.24
Avg Forecast$0.43$0.48$1.22$-0.00$0.44$0.37$0.87$-0.06$0.36$0.05$0.52$-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$0.43$0.48$1.23$-0.00$0.44$0.37$0.88$0.04$0.58$0.05$0.52$-0.33$0.23$0.47$1.14$-0.23$-0.07$0.41$1.18$-0.30$0.07$-0.27$-0.22$-1.85$-1.68$-2.35$-2.72$-0.29$1.09$1.08
Low Forecast$0.42$0.47$1.20$-0.00$0.43$0.37$0.85$-0.21$0.26$0.05$0.52$-0.34$-0.03$0.20$1.04$-0.23$-0.07$0.41$1.16$-0.30$0.07$-0.27$-0.22$-1.85$-1.68$-2.35$-2.72$-0.29$1.09$1.08
Surprise %-------------3.37%-1.05%1.16%5.30%1.13%1.10%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

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
SAVESpirit Airlines$1.08$17.481518.52%Buy
ULCCFrontier Group$5.47$10.96100.37%Hold
JBLUJetBlue Airways$6.04$9.2553.15%Hold
LUVSouthwest Airlines$31.77$42.3633.33%Hold
AALAmerican Airlines Group$14.46$18.6528.98%Hold
DALDelta Air Lines$63.64$59.42-6.63%Buy
UALUnited Airlines$94.63$74.06-21.74%Buy

LUV Forecast FAQ

Is Southwest Airlines a good buy?

No, according to 22 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 40.91% of LUV's total ratings.

What is LUV's price target?

Southwest Airlines (LUV) average price target is $42.36 with a range of $24 to $72, implying a 33.33% from its last price of $31.77. The data is based on 22 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 33.33% (from the last price of $31.77 to the average price target of $42.36), up by 126.63% based on the highest stock price target, and down by -24.46% based on the lowest stock price target.

Can Southwest Airlines stock reach $50?

LUV's highest twelve months analyst stock price target of $72 supports the claim that Southwest Airlines can reach $50 in the near future.

What is Southwest Airlines's current price target trend?

1 Wall Street analyst forecast a $28 price target for Southwest Airlines (LUV) this month, down -11.87% from its last price of $31.77. Compared to the last 3 and 12 months, the average price target decreased by -7.24% and decreased by -3.87%, 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 $28.8B (high $29.01B, low $28.52B), average EBITDA is $1.58B (high $1.59B, low $1.56B), average net income is $973.37M (high $1.04B, low $866.72M), average SG&A $4.66B (high $4.69B, low $4.61B), and average EPS is $1.62 (high $1.73, low $1.44). LUV's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $30.2B (high $30.43B, low $29.86B), average EBITDA is $1.65B (high $1.67B, low $1.63B), average net income is $1.28B (high $1.29B, low $1.26B), average SG&A $4.89B (high $4.92B, low $4.83B), and average EPS is $2.13 (high $2.15, low $2.1).

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 $1.14B by 111.20%. The company's net income was $465M, missing the average estimation of $673.72M by -30.98%. 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 $369.12M by -43.11%. Southwest Airlines's net income was $-252M, missing the average estimation of $74.8M by -436.90%. 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%