TD Cowen cuts target for SkyWest stock to USD 116.00

Published on 10/17/2026 at 19:52 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue rose 6.50 percent to USD 1.10 billion in second-quarter 2026. SkyWest stock stood at USD 91.51 on October 16, 2026, down 1.88 percent on Nasdaq.

TD Cowen target update

TD Cowen lowered its SkyWest target from USD 123.00 to USD 116.00 on October 2, 2026.
Second-quarter revenue rose 6.50 percent to USD 1.10 billion in 2026.
SkyWest stock stood at USD 91.51 at 4:00 p.m. ET on October 16, 2026, down 1.88 percent versus the Nasdaq prior close of October 15, 2026.
SkyWest will discuss third-quarter 2026 results on October 29, 2026.

SKYW, US8308791024, Illustration mit AI erstellt.

TD Cowen lowered its SkyWest target from USD 123.00 to USD 116.00 on October 2, 2026, while keeping a Buy rating. The revised target stood 26.76 percent above SkyWest's last quoted price of USD 91.51. SkyWest's stock was down 1.88 percent versus the Nasdaq prior close of October 15, 2026.

SkyWest's latest reported quarter gives the target revision a mixed operating backdrop. Business Wire reported that second-quarter 2026 net income was USD 100.70 million, or USD 2.54 per diluted share, versus USD 120.00 million and USD 2.91 per diluted share in second-quarter 2025. Revenue reached USD 1.10 billion, up 6.50 percent year over year.

Revenue growth meets cost pressure

The revenue increase did not translate into higher earnings. Second-quarter net income fell 16.08 percent from the prior-year quarter, while the net profit margin was 9.13 percent. Higher fuel costs were identified as a drag on the latest result, making cost control a central issue for the next valuation reset.

Price position and trading range

SkyWest's last quoted price was USD 91.51 on October 16, 2026, at 4:00 p.m. ET. The stock's 52-week range was USD 77.89 to USD 117.72, placing the price 22.26 percent above the low and 22.26 percent below the high. Market capitalization stood at USD 3.6 billion, and the price-to-earnings ratio was 9.09.

What does the USD 116.00 target imply?

The TD Cowen target leaves a 26.76 percent gap above the last quoted price, based on the USD 91.51 Nasdaq value. The next scheduled company date is October 29, 2026, when SkyWest will discuss third-quarter results after the market closes, according to Business Wire.

Comparison with peers

SKYW (NASDAQ, USD): minus 1.88 percent, P/E 9.09, market capitalization USD 3.6 billion.
Allegiant Travel Company (NASDAQ, USD): minus 4.86 percent, P/E 47.50, market capitalization USD 1.8 billion.
Joby Aviation (NASDAQ, USD): minus 3.12 percent, P/E minus 4.71, market capitalization USD 4.6 billion.

Analyst target sets the next test

TD Cowen's October 2 target gives SkyWest a measurable benchmark ahead of the October 29 reporting date. The 52-week range also shows that the last quoted price sits below the annual high, while the single-digit P/E contrasts with Allegiant's 47.50 multiple.