One stock that we expect to be an exciting choice for investors right from 2023 is Southwest Stock. The reason is that since the transportation sector is a perfect haven of some sort, the airline business will see a reasonable earning growth. If you want to invest in stocks in 2023, we recommend to you the Southwest stock because of its growing potential.
In this article we show you how you can invest in Southwest stock and also present to you experts’ price prediction to guide your investment decision.
What is Southwest Stock?
Southwest Stock is the financial instrument of Southwest Airlines Co, through which its shares of stock are traded.
Southwest Airlines Co is an American airline founded by Herbert Kelleher and Rollin King in 1966 and incorporated in 1967 as Air Southwest Company.
The current name was adopted in 1971 with headquarters in Dallas. Texas. The company features low-fare, no-frills air service with frequent flights of mostly short routes.
Southwest Airline Co has scheduled service to over 121 destinations in the United States and conveyed more domestic passengers than any other United States airline.
Is Southwest Stock Public Traded?
Yes. Southwest Airlines shares are traded in the New York Stock Exchange (NYSE) under the ticker symbol LUV as in NYSE:LUV.
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The initial public offering for Southwest share was $11 per share for 650,000 shares on June 8, 1971. Daily share price history for Southwest Airlines Co has undergone splits since September 23, 1980, and 11 splits done so far.
The latest closing stock price for Southwest Airlines as of December 28, 2022 is $33.94 while the all-time high Southwest Airlines stock closing price was 64.82 on January 02, 2018.
Will Southwest Stock Go Up?
Penworldgurus analysts predict that Southwest share price may reach $50.06 by the end of the year 2023. The average southwest stock price forecast has an upside of 47.50% from the current price of southwest share.
The 13 analysts offering 12-month price forecasts for Southwest stock have a median target of 47.00, with a high estimate of 66.00 and a low estimate of 39.00. The median estimate represents a +37.75% increase from the last price of 33.94
We have enough growth signals pointing to the conclusion that southwest stock price will go up.
Is Southwest Stock a Good Buy?
Southwest stock has received a consensus rating of a ‘good buy’. The average rating score is based on 38 buy ratings, 11 hold ratings, and 1 sell ratings.
The low in the last 52 weeks of Southwest stock was 30.22. According to the current price, Southwest Airlines is 10.96% away from the 52-week low. However, the high in the last 52 weeks of Southwest share price was 50.09. According to the current price, Southwest stock is 47.58% away from the 52-week high.
The 13 analysts offering price forecasts for Southwest Airlines have a median target of 58.87, with a high estimate of 85.00 and a low estimate of 36.00. The median estimate represents a 57.65% difference from the last price of 33.94.
We conclude that (NYSE:LUV) is a good buy candidate.
How You Can Buy Southwest Stock
You can buy Southwest shares through a reliable online brokerage account.
Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
To buy Southwest stock you need to follow the steps below:
Step 1: Compare Trading Platforms
This will help you make a good choice of brokerage that suits your investment target. Use some comparison tables to help you find a brokerage platform that suits your investment goal.
Step 2: Open Your Brokerage Account
You must open a trading account with your chosen brokerage firm. Complete an application form online with your details and follow other procedures that may be prescribed by your broker.
Step 3: Confirm Your Payment Details
Pay the minimum deposit into the account in USD or you deposit sufficient money into your account so that you can trade with strong financial leverage.
Crosscheck to make sure your payment detail is correct before you make such deposit via appropriate payment means. You will further wait for confirmation of your deposit from your broker.
Step 4: Research the Stock
Conduct a research online to locate the stock you want to buy. Find the stock by name or ticker symbol, in this case -LUV- and research it before deciding if it is a good investment for you now.
Step 5: Purchase Now or Later
Buy your preferred quantity of LUV stock with a market order or use a limit order to delay your purchase until the stock reaches a desired price.
Step 6: Monitor Your Southwest Airline Co. Investment
You will need to optimize your portfolio by tracking your stock regularly. This step will help you to know when your investment target is attained and when a change in investment strategy is necessary.
Southwest Stock Price Prediction 2023, 2024-2033
We deployed the Moving Average (MA) and Discounted Cash Flow (DCF) Models to the Southwest stock historical price/volume data.
We then evaluated the fundamentals of Southwest stock to arrive at the following annual average point price predictions.
Southwest Stock Price Prediction 2023
In 2023, the price of Southwest share is expected to reach maximum of $62.19. Its minimum value is estimated at $32.60
The average price is estimated as $47.39. We conclude that southwest stock price will reach $47.00 per share in the year, as the average price volatility is measured 10.35%.
Southwest Stock Price Prediction 2024
Experts predict Southwest stock will reach maximum trading value at $71.20 and the minimum price is projected to hit $33.58 in 2024.
Average price of Southwest share is estimated at $52.39. This means Southwest stock will trade at $52.00 per share in the year, given average price volatility as 7.14%.
Southwest Stock Price Prediction 2025
The year 2025 is expected to close with a maximum trading price of $69.41 and a minimum price value of $32.97.
The average price is projected to reach $51.19, with average price volatility at -6.21%. We conclude that Southwest stock will drop to $51.00 per share in the year.
Southwest Stock Price Prediction 2026
Technical analysis by Penworldgurus stock experts put the value of Southwest stock in 2026 will at $33.68 minimum and $72.93 maximum.
Average trading price of Southwest stock is estimated as $53.30, with average price volatility measured at 8.11% in the year. We conclude that Southwest stock will trade at about $53.00 per share in the year.
Southwest Stock Price Prediction 2027
Based on the glaring long term growth signal for Southwest stock in the long term, the price is expected to go up to a minimum of $34.77 and reaches maximum at $85.60.
Average price is estimated at $60.18 in 2027 with average price volatility measured at 13.08%.
There is evidence that Southwest stock will trade at $60.00 per share in 2027, that is, by the next 5 years. We conclude that Southwest stock will grow by 76.78% through the next 5 years.
Southwest Stock Price Prediction 2028
We expect some significant growth this year as Southwest stock is projected for long term growth. It is expected to reach a maximum of $98.50 and a minimum of $34.82.
Average trading price of Southwest stock is estimated at $66.66, with about 10.03% average price volatility for the year. We conclude that Southwest stock will trade at about $66.00 per share in 2028.
Southwest Stock Price Prediction 2029
Southwest stock will maintain upward movement as expected due to its attractive earnings. In 2029 there will be $35.61 minimum price and $113.07 maximum price.
Average Southwest stock price is estimated at $74.34. Average price volatility is measured at 9.34%. We conclude that Southwest stock will trade at about $70.00 per share in the year.
Southwest Stock Price Prediction 2030
Experts predict Southwest stock to attain maximum at $120.73 by the year 2030 with the minimum price value expected to hit $36.09.
Average price of Southwest stock is estimated at $78.41. There is evidence that Southwest stock will trade at $78.00 per share in the year 2030, average price volatility is measured at 10.29%.