Xponential Fitness Thrives On Solid License Sales And Unit Openings: Morgan Stanley
Portfolio Pulse from Nabaparna Bhattacharya
Morgan Stanley analyst Brian Harbour reiterated an Overweight rating on Xponential Fitness, Inc. (NYSE:XPOF), with a price target of $32. The analyst praised the company's solid record of license sales and unit openings, which has generally led to revenue and EBITDA beats. XPOF recently responded to a short-seller report, reiterating the business's strength and its franchisees' health. The company's shares are trading higher by 3.44% to $17.72.
June 29, 2023 | 5:34 pm
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Morgan Stanley analyst Brian Harbour reiterated an Overweight rating on Xponential Fitness, Inc. (NYSE:XPOF), with a price target of $32. The company's shares are trading higher by 3.44% to $17.72.
The Overweight rating from Morgan Stanley analyst Brian Harbour, along with a price target of $32, indicates a positive outlook for XPOF. The company's solid record of license sales and unit openings, which has generally led to revenue and EBITDA beats, further supports this positive outlook. The company's response to a short-seller report, reiterating the business's strength and its franchisees' health, also contributes to the positive sentiment. As a result, the company's shares are trading higher.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100