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Planet Fitness price target raised to $150 from $130 at Jefferies

Planet Fitness price target raised to $150 from $130 at Jefferies

Jefferies raised the firm’s price target on Planet Fitness (PLNT) to $150 from $130 and keeps a Buy rating on the shares. Planet is the largest and lowest-priced U.S. gym operator and its franchise model ensures high margins and robust cash flow, says the analyst, who argues that a new CEO and accelerating growth in FY25 could translate to “significant gains for the stock after 4 yrs of being range-bound.” The analyst calls out Planet as a “Top Pick” for 2025.

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