Stock MarketSpirit Stock Price Prediction 2022, 2025-2035 – Expert Expectation

Spirit Stock Price Prediction 2022, 2025-2035 – Expert Expectation

If you are looking for a lucrative airline stock to invest your money on with a prospect of long term growth, you would rather look at the direction of Spirit (SAVE) stock.

This article will provide you with relevant information about the SAVE stock, including how to buy the stock and expert prediction of the stock price covering over ten years.

What is Spirit Stock?

This is a financial instrument of Spirit Airlines Inc., an American notable low-cost air carrier founded in 1964 with headquarters in Miramar, Florida.

Spirit Stock
Photo Credit: The Motley Fool

Spirit Airlines, Inc. provides airline services in the United States. The company runs programmed flights and currently provides services to about 85 endpoints in 16 countries across the United States, Latin America, and the Caribbean.

The company was previously known as ‘Clippert Trucking Company’ but changed its name to Spirit Airlines, Inc. in 1992.  The company had a fleet of over 170 Airbus single-aisle aircraft and sells tickets through its call centres; airport ticket counters as well as online through spirit com.

Is Spirit Stock Publicly Traded?

Yes, in May 2011 Spirit stock went public, selling 15.6 million shares at a price of $12 per share, below its target range of between $14 and $16. It is listed in the NYSE under the ticker symbol ‘SAVE’.

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After an initial drop to as low as $10.18 in the stock’s first few weeks of trading, SAVE started growing impressively from 2012 to 2014.

Is SAVE a Good Buy Now?

The consensus among 12 independent analysts covering NYSE: SAVE stock is to Buy SAVE stock.

Out of 12 analysts, 6  which represents 50% are recommending SAVE as a Strong Buy,  4 which represents 33.3% are recommending SAVE as a Buy, 2 which represents 16.66% are recommending SAVE as a Hold.

The analysis shows that 0 (0%) are recommending SAVE as a Sell, and 0 (0%) are recommending SAVE as a Strong Sell.

It is very safe to say that NYSE:SAVE is a good buy at the moment due to its prospect for future growth.

What is SAVE’s Price Target?

Relying on the projection of six Wall Street analysts who have released 12-month SAVE price target in 2022, the average SAVE price target is $28.50, with the highest SAVE stock price forecast at $33.00 and the lowest SAVE stock price forecast at $25.00. Our analysis and forecast may not align with this in view of our scientific approach.

The average SAVE price forecasts shows a potential upside of 11.07% from the current SAVE stock price of $25.66 which would see the price of SAVE move upward steadily.

Spirit Airlines Stock Price Volatility

The general approach to measure a stock’s volatility is to evaluate its “beta” because beta represents a measure of a stock’s volatility comparative to the exchange market. Over the last one year, SAVE price value ranged from $15.42 up to $29.23.

The market NYSE average beta is 1, while SAVE is 1.076. This implies that Spirit stock is more volatile than the average for the NYSE and represent a no significant higher risk but with a prospect of steady growth.

JetBlue has offered to buy Spirit. See update on the development in the video below.

 

How to Buy Spirit Stock

Spirit stock (SAVE is listed on the NYSE and all prices are listed in US Dollars.  To buy Spirit stock you must follow the step-by-step approach below:

Step 1: Compare Stock trading platforms

You are required to use comparison table or other techniques that will help you find a trading platform that suits your investment needs. There are a number of platforms called online brokerages through which you can buy the Spirit stock.

Choosing a reliable and efficient trading platform is fundamental to buying SAVE. Remember you need to find a brokerage that has access to the the NYSE.

Step 2: Open a Brokerage Account for Yourself

The next step is to open trading account with your chosen broker. The account is your gateway to the stock market. This stage involves completion of some application and providing relevant information to the broker.

Opening of brokerage account could take a few hours or a few days depending on the policy of the brokerage firm.

Step 3: Deposit Money to the Account and Confirm Your Payment Details

You need to transfer funds into your brokerage account. You have to deposit a certain minimum amount of money to the said account and wait for confirmation from your broker.

Step 4: Research the Stock

You must conduct a painstaking research on the viability of the stock before you make a buying decision. Research helps you to know whether the investment is good or bad at the time. Find out the stock by name or symbol “SAVE”.

Research will help you find out whether the stock is yielding in the long-term or short-term period. You will also know which of the stocks a good buy is at the moment.

Step 5: Purchase Now or Later

You will now type or indicate the amount of stock you wish to buy or the amount of money in dollars to be invested.

Once you indicate this information, there will be two options from which you could choose: Purchase Now or Purchase later. Your decision either to buy now or later is informed by the outcome of your research.

Step 6: Check in On Your Investment

Once you have clicked “Purchase Now” then you have become a shareholder in SAVE.  It is your responsibility to put your eyes on your investment especially the price movement, company’s performance and other market fundamentals.

Spirit Highest Stock Price So Far?

The latest closing stock price for Spirit Airlines as of July 29, 2022 is $25.66 and the all-time high Spirit stock closing price was $84.47 which occurred on December 8, 2014.

Spirit Stock (SAVE) Price Prediction

In penworldgurus.com we rely on historical stock price-data and ARIMA model of time series forecasting. Below are our findings, measured at 95% level of confidence.

Spirit Stock Price Prediction 2022

Following our profound technical analysis on the past price data of Spirit Stock, in 2022 the price of Spirit Stock is predicted to reach a minimum value of $24.38.

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The Spirit Stock price could reach a maximum of $33.67 with the average trading price at $29.02.

Spirit Stock Price Prediction 2023

The price of Spirit Stock is estimated to attain a minimum level of $29.83 in 2023. The Spirit Stock price is expected to reach a maximum level of $47.29 with the average price of $38.56 throughout 2023.

High volatility is expected this year but it would not affect the expected gains from the bullish movement.

Spirit Stock Price Prediction 2024

In line with the forecast price from technical analysis, in 2024 the price of Spirit Stock is predicted to reach at a minimum level of $36.04. The Spirit Stock price is estimated to hit a maximum level of $53.37 with the average trading price of $44.70.

Spirit Stock Price Prediction 2025

The price of Spirit Stock is expected to attain $42.88 minimum in 2025. It is estimated that the Spirit Stock price can reach a maximum level of $63.10 with the average price of $52.99 throughout the year 2025. High volatility is expected.

Spirit Stock Price Prediction 2026

Spirit Stock price is projected to hit as low as $50.03 in 2026. Our statistical results show that the price could reach a maximum possible level of $69.51 with the average forecast price of $59.77.

Spirit Stock Price Prediction 2027

Our research findings from technical analysis on past price history of Spirit Stock shows that in 2027 the Spirit price per share is predicted to be at a minimum value of $53.42. The price value can reach a maximum of $66.59 with the average trading value of $60.01.

 Spirit Stock Price Prediction 2028

The price of Spirit Stock is estimated to reach a minimum value of $57.07 in 2028. The Spirit Stock price is also estimated to hit a maximum value of $70.48 with the average trading price of $63.77 throughout the year 2028.

Spirit Stock Price Prediction 2029

In 2029 the price of Spirit stock is expected to reach a minimum price value of $62.32. From our analytical findings, the Spirit Stock price is projected to reach a maximum price value of $78.14 with the average value of $70.23.

Spirit Stock Price Prediction 2030

The price of Spirit Stock is predicted to reach a minimum price value of $70.54 in 2030. Spirit price is computed with sufficient estimator showing a maximum price value of $92.60 with the average trading price of $81.57 throughout the year 2030.

Spirit Stock Price Prediction 2031

Spirit Stock price is projected to reach lowest possible level of $83.25 in 2031. Our findings show that Spirit Stock price will hit a maximum level of $118.61 with the average forecast price of $100.93.

The estimations show that the per-share value of Spirit Stock would attain $100 in the year 2031, given a favourable market condition.

Spirit Stock Price Prediction 2032

Spirit Stock price is estimated to reach lowest possible level of $95.40 in 2032. Our research shows that Spirit Stock price will hit a maximum level of $135.11 with the average forecast price of $115.25. High volatility is expected.

Spirit Stock Price Prediction 2033

Spirit Stock price is estimated to reach lowest level of $107.26 in 2033. Further findings show that Spirit Stock price could reach a maximum level of $157.38 with the average forecast price of $132.32.

Spirit Stock Price Prediction 2034

Spirit Stock price is estimated to hit lowest at $126.70 in 2034. In view of our findings, the Spirit Stock price will hit a maximum value of $184.01 with the average forecast price of $155.35.  There is high volatility but this will have minimal or no impact on the bullish level.

Spirit Stock Price Prediction 2035

Spirit Stock price is expected to reach a lowest possible level of $144.72 in 2035. The Spirit Stock price per share is projected to hit a maximum of $225.69 with the average forecast price of $185.21. The high volatility subsists above market average but Spirit looks good to go in the long term.

 

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