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Planet Fitness Inc (NYSE:PLNT). stock reached an all-time high of $113.22, marking a significant milestone for the $9.51 billion fitness chain. This achievement reflects a 47.53% increase over the past year, with InvestingPro data showing impressive 59.68% gross profit margins and 10.26% revenue growth, underscoring strong investor confidence and robust performance in the fitness industry. The stock’s impressive rise highlights the company’s successful expansion efforts and strategic initiatives, which have resonated well with both consumers and investors. As Planet Fitness continues to grow its footprint and enhance its offerings, this all-time high serves as a testament to its resilience and potential for future growth. InvestingPro analysis reveals 13 additional key insights about Planet Fitness’s financial health, which is rated as "GREAT" by their comprehensive scoring system.
In other recent news, Planet Fitness has been the focus of several analyst evaluations and company developments. TD Cowen reiterated its Buy rating and set a price target of $125, highlighting the fitness chain’s potential for a multiyear turnaround and expecting it to exceed consensus earnings estimates due to strong sales and margins. Canaccord Genuity also raised its price target to $126, maintaining a Buy rating after conducting a survey that assessed membership trends and price impacts. JPMorgan increased its price target to $108, following a visit to the company’s headquarters that provided insights into growth prospects. Stifel upgraded Planet Fitness from Hold to Buy, setting a new price target of $120, citing improved marketing strategies and potential sales growth. Additionally, Planet Fitness announced updates from its annual stockholder meeting, where the 2025 Omnibus Incentive Plan was approved to attract and motivate personnel.
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