Southwest is an Airline Stock with a Predicted Upside

Southwest Airlines Southwest Airlines Co. (NYSE: LUV) is the world’s largest low-cost passenger airline and one of the major airlines based in the United States. Under normal circumstances, it offers flights to more than 100 destinations in the United States and ten countries globally. The pandemic has hit the business hard, but Southwest has remained operational thanks to government assistance and cost-cutting measures. With vaccine rollouts in the United States and key international markets, recovery is on the horizon.

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In the last ten days, more than 1 million passengers have flown within the U.S. each day. Last week was the first time since 2019 that passenger numbers increased year over year. People have become fatigued by travel restrictions and are traveling in larger numbers. As more vaccines are administered, travel is only likely to increase even more.

There’s a positive target on this stock that suggests growth. The average target of $60.00 has been met, and now the stock is moving towards its high-end target of $73.00.

The strong likelihood of an upside in 2021, and a longer-term upside as the global economy recovers, makes this a relatively affordable bet for the aviation industry’s future success.

Key Data:

  • 1 Year Price Growth: 00%
  • YTD Price Growth: 98%
  • 3 Month Price Growth: 30%

All information is based on current and historical market data, as well as publicly available financial data. As with any financial decision, your own research is important. Stock market outcomes can never be 100% accurately predicted. Familiarity with historical data, individual industries, and individual stocks is key to developing a robust portfolio. Note that stock prices can fluctuate rapidly during trading sessions.

 

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The reports, research and newsletter are based on current and historical market data, as well as publicly available financial data.They are intended to be a starting point for investors. They do not provide every material fact about a company or industry, nor are they recommendations to buy or sell. The writers and the company make no warranties or representations as to the accuracy of these reports.   You should NOT rely solely upon the information or opinions read in the content. Rather, you should use the content as a starting point for doing independent research on the independent analysis and trading methods in the content. The content is impersonal and does not provide individualized advice or recommendations for any specific reader or individual portfolio. By accessing this website you have agreed to our disclaimers and privacy policy.

 

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