Planet Fitness Is Poised For Sustainable Growth, Says Bullish Analyst
Portfolio Pulse from Priya Nigam
Planet Fitness (NYSE:PLNT) shares rose in premarket trading after a recent selloff due to disappointing earnings. RBC Capital Markets analyst Christopher Carril initiated coverage with an Outperform rating and a price target of $86, citing the company's highly franchised model and potential for sustained earnings growth in a post-COVID-19 environment.
May 19, 2023 | 2:25 pm
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RBC Capital Markets analyst Christopher Carril initiated coverage of Planet Fitness with an Outperform rating and a price target of $86, citing the company's highly franchised model and potential for sustained earnings growth in a post-COVID-19 environment.
The bullish analyst rating from RBC Capital Markets, along with the price target of $86, indicates a positive outlook for Planet Fitness. The company's highly franchised model and potential for sustained earnings growth in a post-COVID-19 environment are cited as reasons for the positive rating. This news is likely to have a short-term positive impact on the stock price.
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