B. Riley lowered the firm’s price target on Xponential Fitness (XPOF) to $9 from $12 and keeps a Neutral rating on the shares. Xponential Fitness reported Q4 revenue and AEBITDA above consensus and below consensus, respectively, with system-wide comps above consensus, the analyst tells investors in a research note. The firm thinks the realignment of the company will take considerable time, considering the company’s current initiatives, including optimizing its brand portfolio, rebuilding/improving franchisee relationships, and hiring new management talent.
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Read More on XPOF:
- Xponential Fitness price target lowered to $9 from $16 at Piper Sandler
- Xponential Fitness downgraded to Hold from Buy at Stifel
- Xponential Fitness Reports Strong Sales Growth Amid Revenue Challenges
- Closing Bell Movers: DocuSign up 9% on better than expected Q4 results
- Xponential Fitness down 22% at $9.40 after Q4 results, below-consensus guidance
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