Evercore ISI Remains Bullish on SkyWest (SKYW)

SkyWest, Inc. (NASDAQ:SKYW) is one of the most undervalued travel stocks to buy according to hedge funds. SkyWest, Inc. (NASDAQ:SKYW) received a rating update from Evercore ISI on January 30, which reiterated a Buy rating on the stock with a price target of $130.00.

The rating update came after SkyWest, Inc. (NASDAQ:SKYW) reported financial and operating results for fiscal Q4 2025 on January 29. Net income for the quarter was $91 million, or $2.21 per diluted share, compared to $97 million, or $2.34 per diluted share, in the prior year period. Net income for the full year 2025 was $428 million, or $10.35 per diluted share, up from $323 million, or $7.77 per diluted share, for 2024. Net income for 2025 thus experienced a 33% growth from 2024, reflecting year-over-year block hour growth of 15%.

SkyWest, Inc. (NASDAQ:SKYW) also reported that it took delivery of five new E175 aircraft in the quarter under a previously announced agreement with United Airlines, and that it reached a multi-year contract extension with United for 40 E175 aircraft in January 2026.  SkyWest, Inc. (NASDAQ:SKYW) also reached a multi-year contract extension with Delta Air Lines for 13 E175 aircraft in January 2026.

SkyWest, Inc. (NASDAQ:SKYW) provides scheduled passenger services in the United States of America, Mexico, Canada, and the Caribbean. The company’s operations are divided into the SkyWest Airlines and SWC, and SkyWest Leasing segments.

While we acknowledge the potential of SKYW as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.