Cowen lifts Planet Fitness stock target to $125, keeps Buy rating

Planet Fitness (NYSE:PLNT) has been identified by TD Cowen as the leading choice among their preferred stocks, which also includes RH (NYSE:RH) and ORLY, indicating a strong endorsement of the company's strategy and market position. The firm's analysis suggests that Planet Fitness is in the early stages of significant operational improvements that could deliver substantial value to shareholders.The new price target is a sign of the analysts' confidence in the company's direction and potential for future earnings growth.

It also signals to investors that Planet Fitness may be an attractive investment opportunity based on the firm's projections.Investors and market watchers will be closely monitoring Planet Fitness's performance to see if the company meets or exceeds the expectations set by TD Cowen's analysis, which could influence the stock's movement in the market. The company maintains impressive gross profit margins of 60.3% and is expected to report its next earnings on February 20, 2025. The company maintains impressive gross profit margins of 60.3% and is expected to report its next earnings on February 20, 2025.

Planet Fitness has been identified by TD Cowen as the leading choice among their preferred stocks, which also includes RH and ORLY, indicating a strong endorsement of the company's strategy and market position. The firm's analysis suggests that Planet Fitness is in the early stages of significant operational improvements that could deliver substantial value to shareholders.The new price target is a sign of the analysts' confidence in the company's direction and potential for future earnings growth.

It also signals to investors that Planet Fitness may be an attractive investment opportunity based on the firm's projections.Investors and market watchers will be closely monitoring Planet Fitness's performance to see if the company meets or exceeds the expectations set by TD Cowen's analysis, which could influence the stock's movement in the market. The company maintains impressive gross profit margins of 60.3% and is expected to report its next earnings on February 20, 2025.

Planet Fitness has been identified by TD Cowen as the leading choice among their preferred stocks, which also includes RH and ORLY, indicating a strong endorsement of the company's strategy and market position. The firm's analysis suggests that Planet Fitness is in the early stages of significant operational improvements that could deliver substantial value to shareholders.

In other recent news, Planet Fitness has reported notable financial results and company developments. The fitness chain ended the fiscal year with a 5% rise in system-wide comparable store sales and 19.7 million members, an increase of 100,000 from the previous quarter.

The company also opened 150 new gyms, meeting the high end of their forecast. Strategic new appointments were also announced, with Chip Ohlsson taking the role of Chief Development Officer and Brian Povinelli stepping in as Chief Marketing Officer.

Both analysts from TD Cowen and RBC Capital maintained positive recommendations on Planet Fitness shares, setting the price target at $120. These recent developments reflect a promising expansion potential for Planet Fitness and a projected revenue growth of 16% for FY2024.

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