RBC Capital lowered the firm’s price target on Planet Fitness (PLNT) to $110 from $120 and keeps an Outperform rating on the shares. The company’s Q4 results topped estimates, but while management guided 2025 revenue ahead and new club internal rate of returns are improving towards pre-COVID levels, its SSS guidance came in 90 bps below consensus, the analyst tells investors in a research note. Planet Fitness also guided to no EBITDA leverage this year given elevated investments, the firm adds.
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 lowered to $115 from $130 at BofA
- Planet Fitness price target raised to $115 from $110 at Roth MKM
- Buy Recommendation for Planet Fitness: Strong Financial Performance and Growth Prospects
- Planet Fitness: Strong Fundamentals and Growth Potential Amidst Guidance Uncertainties
- Planet Fitness: Strong Performance and Growth Potential Justify Buy Rating Despite EPS Shortfall