Southwest Airlines Co. (NYSE:LUV) broke out on 3 February at 46.55 and reconfirmed on 6 April at 64.10 so we raised our 1 yr target price to 87/share, the highest on the Street after it post a fresh 52-wk high at 64.64. The stock’s 52-wk low is at 22.47, and shares have added about 106% over the past 12 months. Shares already have outrun the consensus target of 63, while the stock’s Northside potential at the 87 target is about 30%.
The Key support is at 61.82 and the resistance is nil above 67.48. Nearly all Key technical indicators are Very Bullish in here.
Southwest Airlines Co. operates as a passenger airline company that provide scheduled air transportation services in the United States and near-international markets. As of 31 December 2020, the company operated a total fleet of 718 Boeing 737 aircrafts; and served 107 destinations in 40 states, the District of Columbia, and the Commonwealth of Puerto Rico, as well as ten near-international countries, including Mexico, Jamaica, the Bahamas, Aruba, the Dominican Republic, Costa Rica, Belize, Cuba, the Cayman Islands, and Turks and Caicos.
Its services also cover destinations in Hilo on Hawaii; Cozumel, Mexico; Steamboat Springs, Colorado; Miami, Florida; Palm Springs, California; and Montrose (Telluride and Crested Butte), Colorado.
In addition, the company provides inflight entertainment and connectivity services on Wi-Fi enabled aircrafts; and Rapid Rewards loyalty program that enables program members to earn points for dollars spent on Southwest base fares.
In addition, the company provides a suite of digital platforms to support customers’ travel needs, including Southwest.com, mobile website, and apps; and SWABIZ, an online booking tool. Further, it offers ancillary services, such as Southwest’s EarlyBird Check-In, upgraded boarding, and transportation of pets and unaccompanied minors. The company was founded in Y 1967 and is HQ’d in Dallas, Texas.