SAVE - Can Spirit Airlines Stock Reach $10 by 2030?
2024-07-02 07:15:00 ET
In the roughly 24-month period leading up to their all-time high in December 2014, shares of Spirit Airlines (NYSE: SAVE) skyrocketed 400%. But it's been a turbulent journey since then, with the stock plunging 96% from that peak price.
Even this year, the airline stock is down a gut-wrenching 78%. That's truly disappointing considering that the broader market is in record territory.
Can Spirit Airlines stock, which sells for $3.66 (as of June 28), rise 173% to reach $10 by 2030? For what it's worth, shares were at that level as recently as January.
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Can Spirit Airlines Stock Reach $10 by 2030?