Planet Fitness Stock: Analyst Ratings and Consensus Recommendations
Overview
Planet Fitness (NYSE: PLNT), a fitness center operator, has garnered attention from equity research analysts who provide recommendations and price targets for the stock. These ratings, along with the consensus recommendation, offer insights for investors considering Planet Fitness.
Analyst Ratings
As of today, Planet Fitness has received ratings from 14 equity research firms. The breakdown is as follows:
- Strong Buy: 1
- Buy: 8
- Hold: 6
Consensus Recommendation
Taking these ratings into account, the consensus recommendation for Planet Fitness is “Moderate Buy.” This suggests that analysts believe the stock has potential for growth and may be a suitable investment.
Price Targets
In addition to the ratings, analysts have also set price targets for Planet Fitness. The average price target is $71.00, with the highest target set at $89.00 and the lowest at $62.00. This range indicates that analysts have varying opinions on the potential value of the stock.
Key Insights
- The majority of analysts (57%) recommend buying Planet Fitness stock.
- The price target range reflects a potential upside of up to 36.2% from current levels.
- Analysts generally have a positive outlook on the company’s growth prospects.
Recent Upgrades and Downgrades
In recent months, Planet Fitness has received both upgrades and downgrades from analysts. Notably, StockNews.com upgraded the stock from “sell” to “hold,” while Stifel Nicolaus downgraded it from “buy” to “hold.” These changes reflect changing opinions on the company’s performance and prospects.
Conclusion
The analyst ratings and consensus recommendation for Planet Fitness provide investors with a comprehensive view of the stock’s potential. While the majority of analysts recommend buying the stock, it’s important to consider the individual ratings and price targets before making an investment decision. Factors such as financial performance, industry trends, and economic conditions should also be taken into account.
Disclaimer: This article is for informational purposes only and should not be construed as investment advice. Investors should do their own research and consult with a qualified financial professional before making any investment decisions.
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Mehek