Allegiant Travel Company (NASDAQ: ALGT) is considered one of the cheap stocks to buy for the next 5 years. Susquehanna raised the price target to $65 from $50 for Allegiant Travel as part of its Q3 2025 earnings preview, maintaining a Neutral rating on the shares.

In Q2 2025, Allegiant Travel reported revenue of $669 million, a 3% increase from the previous year. The company achieved an operating margin of 8.6%, surpassing its initial guidance, resulting in a first-half operating margin close to 9%, an improvement from the previous year.

Allegiant Travel made fleet changes by retiring 2 A320 series aircraft and adding 5 new 737 MAX aircraft. The company’s financial position includes $853 million in cash and investments, with total debt just under $2 billion, leading to a net leverage of 2.6 times. Allegiant was named Skytrax’s best low-cost carrier in North America for the second year in a row.

Allegiant Travel Company (NASDAQ: ALGT) offers travel and leisure services to underserved cities in the US. While ALGT is seen as a potential investment, some AI stocks may offer greater upside potential with less downside risk. For an undervalued AI stock that could benefit from Trump-era tariffs and the onshoring trend, consider the best short-term AI stock.

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Read more at Yahoo Finance: Susquehanna Lifts Allegiant (ALGT) PT to $65 Amid Q3 2025 Earnings Preview