Frontier Group Stock Rises 15% After UBS Raises Its Price Target

Frontier Group Holdings (Nasdaq: ULCC) shares rose 15.2% on Monday, Nov. 2, closing at $7.43 from a previous close of $6.45, while the S&P 500 ETF (SPY) fell 0.48%. Volume was about 2.4 times its usual level. The move followed an analyst action on Oct. 30.

UBS raises its target and keeps a neutral rating

UBS raised its price target on Frontier to $7 from $6 and kept its Neutral rating. The change was logged after the close on Oct. 30, so the reaction came in the next session.

Executive changes filed the same day

On Monday, Frontier filed an 8-K announcing that Michael Delehant had been appointed executive vice president and chief operating officer. Two senior vice presidents will depart, effective Nov. 13, 2026. The filing does not link these changes to the share move, and the company gave no reason for the stock's gain beyond the analyst action.

Losses widened as revenue grew

Frontier's revenue for the quarter ended Sept. 30 was $1.35 billion, up 53% from a year earlier. Its operating loss was $108.0 million, compared with $77.0 million a year earlier, and its net loss was $104.0 million, against $77.0 million. The diluted loss per share was $0.45, against $0.34. Cash and equivalents stood at $976.0 million as of Sept. 30.

For the last fiscal year, which ended Dec. 31, 2025, the company reported revenue of $3.72 billion, down 1%, and a net loss of $137.0 million.