Fintel reports that on February 27, 2026, TD Cowen upgraded their outlook for Southwest Airlines (NYSE:LUV) from Hold to Buy.
Analyst Price Forecast Suggests 4.51% Downside
As of February 25, 2026, the average one-year price target for Southwest Airlines is $48.63/share. The forecasts range from a low of $24.24 to a high of $76.65. The average price target represents a decrease of 4.51% from its latest reported closing price of $50.93 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Southwest Airlines is 30,649MM, an increase of 9.21%. The projected annual non-GAAP EPS is 7.54.
What is the Fund Sentiment?
There are 1,272 funds or institutions reporting positions in Southwest Airlines. This is an decrease of 154 owner(s) or 10.80% in the last quarter. Average portfolio weight of all funds dedicated to LUV is 0.17%, an increase of 7.68%. Total shares owned by institutions decreased in the last three months by 8.66% to 553,427K shares. 
The put/call ratio of LUV is 0.83, indicating a bullish outlook.
What are Other Shareholders Doing?
Elliott Investment Management holds 51,128K shares representing 10.41% ownership of the company. No change in the last quarter.
Primecap Management holds 47,392K shares representing 9.65% ownership of the company. In its prior filing, the firm reported owning 47,996K shares , representing a decrease of 1.27%. The firm increased its portfolio allocation in LUV by 26.40% over the last quarter.
Franklin Resources holds 40,201K shares representing 8.18% ownership of the company. In its prior filing, the firm reported owning 37,488K shares , representing an increase of 6.75%. The firm decreased its portfolio allocation in LUV by 78.10% over the last quarter.
VPMCX - Vanguard PRIMECAP Fund Investor Shares holds 25,463K shares representing 5.18% ownership of the company. In its prior filing, the firm reported owning 25,373K shares , representing an increase of 0.35%. The firm decreased its portfolio allocation in LUV by 7.30% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 18,316K shares representing 3.73% ownership of the company. In its prior filing, the firm reported owning 18,699K shares , representing a decrease of 2.09%. The firm decreased its portfolio allocation in LUV by 15.57% over the last quarter.
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