Frontier Group Holdings

ULCC · NASDAQ

$4.90+$0.29 (+6.29%)TodayMarket closed · Oct 20, 4:05 PM ET

Prev close $4.61

ULCC analyst rating

HoldConsensus of 7 analysts over the last 12 months. 0% rate it a buy.

Strong buy0
Buy0
Hold5
Underperform2
Sell0

12-month price target · 11 analysts

Average $6.63 (+35.3% upside)

Low: $4.04
Now: $4.90
High: $9.45

Upgrades and downgrades

The latest rating actions, newest first

ULCC analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Susquehanna	Oct 7, 2026	Maintains	Neutral	$7.00 → $6.00	66%
Evercore ISI Group	Sep 28, 2026	Maintains	In-Line	$5.00 → $6.00	57%
UBS	Sep 24, 2026	Maintains	Neutral	$7.00 → $6.00	35%
Barclays	Sep 11, 2026	Maintains	Underweight	$7.00 → $5.00	50%
Susquehanna	Jul 7, 2026	Maintains	Neutral	$4.50 → $7.00	66%
Citigroup	Jun 26, 2026	Maintains	Neutral	$5.00 → $9.00	27%
Barclays	Jun 25, 2026	Maintains	Underweight	$4.00 → $7.00	50%
UBS	Jun 23, 2026	Maintains	Neutral	$4.00 → $7.00	35%
Citigroup	May 14, 2026	Maintains	Neutral	$4.90 → $5.00	27%
Susquehanna	May 6, 2026	Maintains	Neutral	$3.40 → $4.50	66%

The case for and against

Updated Mar 13, 2026

Bull case

Frontier Group Holdings Inc. has positioned itself as an ultra-low-cost carrier with a focus on efficiency, operating a fleet of 120 Airbus single-aisle aircraft that enhances its fuel-efficient capabilities. The company's revenue is significantly supported by its operations in Florida, which accounts for approximately 30% of its overall flights, amid a 22% increase in industry supply compared to 4Q19. Additionally, the growth in co-brand loyalty revenue per passenger, which rose 40% year-over-year due to increased card acquisition and spending, indicates a strengthening customer base and potential for enhanced future revenues.

Bear case

Frontier Group Holdings Inc. is facing significant financial challenges that contribute to a negative outlook, including a pre-tax margin of -7.5%, a sharp decline from 3.3% the previous year, indicating ongoing profitability issues post-pandemic. The company's valuation multiple has contracted due to concerns about false earnings starts, risks of continued losses, and excessive leverage at 5x projected 2025 EBITDAR, raising uncertainties around future revenue, costs, and profits. Additionally, ongoing issues related to open labor contracts and extreme volatility in earnings further undermine the company’s competitive positioning within the ultra-low-cost carrier segment.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.