Elegant Travel Inc. (NASDAQ:Canceled) is one of Cheap stocks to buy for the next 5 years. On Oct. 3, Susquehanna raised the company’s price target on Allegiant Travel to $65 from $50, while maintaining a neutral rating on the stock as part of the airline group’s third-quarter 2025 earnings preview.
Earlier in the second quarter of 2025, Allegiant Travel reported that the company’s revenue reached $669 million, which was approximately 3% higher than the previous year’s figure. The company achieved an operating margin of 8.6%, successfully exceeding its initial guidance, contributing to a first-half operating margin of close to 9%, an improvement over the previous year.
Fleet changes included the retirement of two A320 aircraft and the delivery of five new 737 MAX aircraft. The company’s financial position includes $853 million in cash and investments, and total debt of just under $2 billion, resulting in net leverage of 2.6 times. Allegiant was also named Skytrax’s Best Low-Cost Airline in North America for the second year in a row.
Allegiant Travel Company (NASDAQ:ALGT) is a leisure travel company providing travel and leisure products and services to residents of underserved cities in the United States.
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Read next: 30 stocks should double in 3 years and 11 Undercover AI Stocks You Can Buy Now.
Disclosure: None. This article was originally published on The monkey inside.
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