SAVE Stock Forecast and Price Prediction 2024, 2025-2030: Is SAVE a good pick now?
Get the latest Spirit Airlines (SAVE) stock forecast and price prediction for the 2024, 2025, 2026, 2027, 2028, 2029, and 2030. You will get the predicted value of SAVE in the next 5 years. You will also get information about spirit airlines stock that will guide your investment decision.
What kind of stock is SAVE?
SAVE is the Common Stock of Spirit Airlines Inc, a United States-based Airline operator, providing low-cost air transport service in the US, Latin America and the Caribbean.
It was established in 1983 by Ned Homefeld, with headquarters in Dania Beach, Florida. Spirit Airlines Inc went public on May 26, 2011 on the NYSE under the ticker symbol ‘SAVE’. The initial public offering was 15,600,000 shares at $12.00 per share.
What is the future of Spirit Airlines stock?
The Spirit Airlines stock is favored by market sentiment. Its positive dividend yield is attractive. It has a growth future.
SAVE is projected to grow earnings by over 40% per annum and over 3% per annum in revenue. EPS is estimated to grow by 43% per annum.
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Moneystics analysts with 12-month price forecasts for Spirit Airlines stock have an average target of 2.68, with a low estimate of 2.25 and a high estimate of 3.60. The average target predicts a decrease of 1.52%% from the current price of 2.64.
Having a market cap of $297.89 million and $6.84 billion enterprise value, Spirit Airlines Inc is presently one of the leading companies in the industry.
The fundamentals are gloomy at the industry level attributed mainly to global macroeconomic conditions.
Will SAVE stock go up?
The upside potential of Spirit Airlines stock is 9.10% based on the analysts average price target.
The ratings report shows the SAVE 12-month average price target is $2.88. This is an indication that SAVE will go up, at least, in the long term.
Since the Spirit Airlines stock has a PB ratio of 0.36, which is below 1.0, it is indicative of an undervalued stock. The implication is that SAVE has the prospect of a long term growth.
Does SAVE stock pay dividend?
Yes. SAVE is dividend stock. SAVE stock pays an annual dividend of $1.14 which is 43.33 dividend yield. The next dividend earning date is October 24, 2024.
Is SAVE stock undervalued or overvalued?
The Intrinsic Value (true value) of SAVE stock is $65.97. This Spirit valuation is based on the model DCF of value investors. Given the current price of $2.64, SAVE has upside of 2398.86%.
This implies the Spirit Airlines stock is undervalued by 2399%. Also, since the Spirit Airlines stock has a PB ratio of 0.36, which is below 1.0, it is an indication the SAVE stock is currently undervalued.
SAVE Stock Forecast and Price Prediction 2024, 2025-2030
The price of SAVE stock today is $2.64. Moneystics Stock predictions algorithm uses machine learning and in-depth learning technologies for SAVE stock.
Our model uses Samsara historical stock price data, volume, financial statements, market sentiment and broader economic conditions. The SAVE beta value of 1.40 set its price volatility higher than the market average.
SAVE Short Term Monthly Price Forecast 2024, 2025 and 2026
SAVE Stock Monthly Price Forecast 2024
| Month | Average price ($) | Opening Price ($) | High ($) | Low ($) | Closing Price ($) | % Change |
| September | 2.67 | 2.64 | 2.70 | 2.61 | 2.69 | 1.89% |
| October | 2.72 | 2.68 | 2.77 | 2.64 | 2.76 | 2.99% |
| November | 2.70 | 2.74 | 2.75 | 2.62 | 2.65 | -3.29% |
| December | 2.77 | 2.66 | 2.89 | 2.69 | 2.87 | 7.89% |
The estimates in the above table show that the SAVE stock will reach an average price of $2.77 per share in December 2024. This is 4.9% increase from the current price. The SAVE price volatility in 2024 is projected to be higher than the market average.
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SAVE Stock Monthly Price Forecast 2025
| Month | Average Price $ | Opening Price $ | High $ | Low $ | Closing Price $ | Total %Change |
| January | 2.81 | 2.84 | 2.86 | 2.69 | 2.79 | -1.76% |
| February | 2.82 | 2.76 | 2.89 | 2.67 | 2.88 | 4.35% |
| March | 2.82 | 2.89 | 2.92 | 2.70 | 2.75 | -4.84% |
| April | 2.81 | 2.77 | 2.87 | 2.72 | 2.85 | 2.89% |
| May | 2.91 | 2.89 | 2.94 | 2.74 | 2.92 | 1.04% |
| June | 2.93 | 2.96 | 2.97 | 2.71 | 2.89 | -2.37% |
| July | 2.92 | 2.90 | 2.95 | 2.82 | 2.93 | 1.04% |
| August | 2.94 | 2.92 | 2.98 | 2.80 | 2.95 | 1.03% |
| September | 2.94 | 2.89 | 3.05 | 2.83 | 2.98 | 3.11% |
| October | 2.95 | 2.93 | 3.07 | 2.87 | 2.96 | 1.03% |
| November | 3.00 | 2.92 | 3.11 | 2.86 | 3.08 | 5.48% |
| December | 3.04 | 3.05 | 3.09 | 2.88 | 3.03 | -0.66% |
The estimates in the above table show that the SAVE stock will reach an average price of $3.00 per share in November 2025. The estimate revealed that SAVE stock will hit $3 per share in the months of November and December 2025.
This is 13.64% increase from the current price. The SAVE price volatility in 2025 is projected to be higher than the market average.
SAVE Stock Monthly Price Forecast 2026
| Month | Average Price $ | Opening Price $ | High $ | Low $ | Closing Price $ | Total %Change |
| January | 3.07 | 3.04 | 3.13 | 2.86 | 3.10 | 1.97% |
| February | 3.10 | 3.12 | 3.15 | 2.88 | 3.07 | -1.60% |
| March | 3.15 | 3.10 | 3.21 | 2.85 | 3.19 | 2.90% |
| April | 3.16 | 3.21 | 3.24 | 2.93 | 3.12 | -2.80% |
| May | 3.17 | 3.06 | 3.29 | 2.96 | 3.28 | 7.19% |
| June | 3.21 | 3.25 | 3.29 | 2.90 | 3.17 | -2.46% |
| July | 3.15 | 3.22 | 3.26 | 2.95 | 3.09 | -4.04% |
| August | 3.12 | 3.23 | 3.25 | 2.98 | 3.15 | -4.03% |
| September | 3.24 | 3.15 | 3.34 | 2.96 | 3.32 | 5.39% |
| October | 3.36 | 3.30 | 3.43 | 2.93 | 3.41 | 3.33% |
| November | 3.48 | 3.49 | 3.50 | 2.94 | 3.47 | -0.57% |
| December | 3.50 | 3.67 | 3.71 | 2.98 | 3.32 | -9.54% |
The estimates in the above table show that the SAVE stock will reach an average price of $3.50 per share in December 2026. This is 32.58% increase from the current price. The SAVE price volatility in 2026 is projected to be higher than the market average.
SAVE Long Term Yearly Price Forecast 2027, 2028, 2029 and 2030
| Year | Average price ($) | Opening Price ($) | High ($) | Low ($) | Closing Price ($) | Total % Change |
| 2027 | 4.05 | 3.31 | 4.85 | 3.29 | 4.78 | 44.41% |
| 2028 | 6.04 | 4.93 | 7.31 | 3.70 | 7.15 | 45.03% |
| 2029 | 8.01 | 7.86 | 8.23 | 4.80 | 8.20 | 4.33% |
| 2030 | 10.06 | 9.73 | 10.40 | 5.16 | 10.38 | 6.68% |
The long term estimates in the above table show that the SAVE stock will reach an average price of $8 per share in December 2029 and an average price of $10 in December 2030.
This is an increase of 203% and 281% respectively from the current price. The SAVE price volatility in from 2027 to 2030 is projected to be higher than the market average.
Is SAVE a good pick now?
Spirit Airlines net profit margin is about -13.2%. This means the company is losing big time. This will make payment of dividend fall on borrowings. The SAVE beta value of 1.40 set its price volatility higher than the market average.
The fundamental valuation of SAVE makes it looks like a bad pick. However, the fact that SAVE stock is highly undervalued is enough to support a moderate pick.
The 13 Moneystics Analysts tracking SAVE stock in the last 12 months have a consensus rating of 6 (46.15%) are recommending SAVE as a Buy, 2 (15.39%) are recommending SAVE as a Hold, and 5 (38.46%) are recommending SAVE as a Sell.
What will SAVE Worth in the next 5 years?
The next 5 years is attained in the year 2029. Moneystics Analysts giving a 5-year forecast for SAVE estimate the average value at $8.01 per share, $8.23 as high and $4.80 as low in 2029.
This means in the next 5 years the price of SAVE will be $8 per share. In effect, SAVE stock will worth $8 per share in the next 5 years. So, your $1000 investment in SAVE stock today (379 units of shares) will give you $3.032 in the next 5 years.
What year will SAVE Reach $10?
The estimates in the long term forecast table show that SAVE stock will reach an average price of $10.06 per share in 2030.
This is 281% increase from the current price. This implies that SAVE stock will reach $10 in 2030, that is, in the next 6 years.
