RBC Capital analyst Logan Rech raised the firm’s price target on Planet Fitness (PLNT) to $120 from $110 and keeps an Outperform rating on the shares as part of a broader research note previewing 2025 in Restaurant and Leisure sector. The firm also names the stock its “favorite idea” for next year, stating that the company’s price increases are below inflation and performing better than expected. RBC adds that the club format and layout changes for Planet Fitness are improving member experience and franchisee profitability, while its brand marketing and messaging adjustments are targeting a broader audience.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PLNT:
- Planet Fitness price target raised to $150 from $130 at Jefferies
- TD ups Planet Fitness target, names a Best Idea for 2025
- Planet Fitness price target raised to $120 from $110 at TD Cowen
- Planet Fitness price target raised to $87 from $70 at DA Davidson
- Leerink healthcare analysts hold an analyst/industry conference call