Mizuho Securities analyst John Baumgartner has maintained their bullish stance on LTH stock, giving a Buy rating on March 3.
John Baumgartner has given his Buy rating due to a combination of factors that highlight Life Time Group Holdings’ strong performance and promising future prospects. The company has shown solid momentum going into the new year, with record member retention and in-center revenue, indicating a robust business model. Baumgartner notes that new initiatives, such as digital capabilities and branded nutritional supplements, are expected to drive further growth, enhancing confidence in achieving over 10% normalized annual EBITDA.
Furthermore, the company’s financial outlook remains positive, with raised guidance for FY25 net sales and adjusted EBITDA. The sale-leaseback activity and internal cash flow support the expansion of new outlets, while disciplined cost control and membership growth skew risks to the upside. Additionally, the expansion of premium services and the digital app’s subscriber growth are seen as significant contributors to future revenue, reinforcing the Buy rating.
In another report released on March 3, Bank of America Securities also reiterated a Buy rating on the stock with a $40.00 price target.
LTH’s price has also changed moderately for the past six months – from $23.460 to $31.610, which is a 34.74% increase.
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