Life Time Group initiated with a Buy at Craig-Hallum on durable growth outlook

As previously reported, Craig-Hallum analyst Alex Fuhrman initiated coverage of Life Time Group with a Buy rating and $30 price target. Pickleball is the fastest growing sport in the country and Life Time has the most courts, notes the analyst, who also says the companies pivot to a higher-end model has been “very successful.” Strong checks and insider buying “suggest now is the time to invest,” adds the analyst, who views Life Time Fitness as “poised for many years of durable sales and EBITDA growth.”