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Investing.com - TD Cowen has raised its price target on SkyWest (NASDAQ:SKYW) to $132.00 from $124.00 while maintaining a Buy rating on the regional airline’s stock. This target sits near the high end of analyst expectations, with targets ranging from $124 to $140, according to InvestingPro data, which also indicates the stock is currently trading slightly below its Fair Value.
The price target increase follows SkyWest ’s third-quarter 2025 earnings report, which showed earnings per share of $2.81, exceeding both TD Cowen’s estimate of $2.52 and consensus expectations of $2.50. This continues SkyWest’s strong financial performance, with diluted EPS reaching $9.81 over the last twelve months and revenue growing by 20.45% during the same period.
TD Cowen described SkyWest as a "best-in-class regional operator" that continues to execute on a balanced strategy of quality growth and prudent capital allocation.
According to TD Cowen, SkyWest management anticipates fiscal year 2026 earnings per share of approximately $11, assuming block hours increase at a low single-digit percentage year-over-year.
The firm also noted that SkyWest has extended half of its CRJ200 aircraft with United until the early 2030s, and expects pro-rate growth to be additive, along with tailwinds from debt reduction and share repurchases.
In other recent news, SkyWest Inc. reported a strong performance for the third quarter of 2025, with earnings per share (EPS) reaching $2.81, exceeding the forecasted $2.50. This represents a positive earnings surprise of 12.4%. The company also reported a 15% year-over-year increase in revenue, totaling $1.1 billion. Despite these positive financial results, the company’s stock experienced a decline in after-hours trading. Analysts from various firms continue to monitor SkyWest’s performance closely. The company’s ability to surpass earnings expectations has drawn attention from the investment community. These developments are part of the recent updates surrounding SkyWest Inc.
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