Life Time Group's Strategic Growth Plan: Analyst Raises Price Target Amid Promising Outlook
Portfolio Pulse from Nabaparna Bhattacharya
Mizuho analyst John J. Baumgartner has reiterated a Buy rating on Life Time Group Holdings, Inc. (NYSE:LTH), raising the price target to $25 from $23. The analyst expects an in-line Q2 EPS and potential upside to FY23 EBITDA guidance due to moderate macro headwinds and structural growth. LTH is also benefitting from overhead cost reductions and enhanced responsiveness and cost controls. The analyst is confident in LTH's same-store sales growth and reported net pricing realization. LTH shares are trading higher by 1.55% to $21.59.
July 24, 2023 | 6:34 pm
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POSITIVE IMPACT
Life Time Group Holdings, Inc. (LTH) has received a reiterated Buy rating from Mizuho analyst John J. Baumgartner, with a raised price target of $25. The company is expected to benefit from cost reductions and enhanced controls, and its shares are currently trading higher.
The news of the reiterated Buy rating and raised price target by a Mizuho analyst is positive for LTH. The company's cost reductions and enhanced controls are also seen as beneficial, which is likely contributing to the rise in its share price. This suggests a positive short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100