DA Davidson raised the firm’s price target on Planet Fitness (PLNT) to $87 from $70 and keeps a Neutral rating on the shares. After the company recently reported a Q3 beat and raised 2024 guidance, the firm is initiating a 2026 EPS forecast and raising its target multiple to reflect more top-line visibility related to the impact on membership growth of the monthly fee increase.
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Read More on PLNT:
- Leerink healthcare analysts hold an analyst/industry conference call
- Planet Fitness management to meet with Jefferies
- M&A News: Planet Fitness (NYSE:PLNT) Will Not Buy Blink Holdings
- Planet Fitness (NYSE:PLNT) Stock Rises on Strong Q3 Earnings and Analyst Upgrades
- Planet Fitness price target raised to $100 from $87 at BMO Capital
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
