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Planet Fitness Inc . (NYSE:PLNT) stock has achieved a new milestone, reaching an all-time high of 110.02 USD. The company, now valued at $9.29 billion, maintains impressive gross profit margins of nearly 60% and has demonstrated solid revenue growth of 10.26% over the last twelve months. According to InvestingPro analysis, the stock appears to be trading above its Fair Value. This marks a significant achievement for the company, reflecting strong investor confidence and robust market performance. Over the past year, Planet Fitness has seen a remarkable increase in its stock value, with a 1-year change of 49.6%. The company maintains a healthy financial position with a current ratio of 2.1, though it trades at a relatively high P/E ratio of 51.5. This impressive growth underscores the company’s resilience and strategic positioning in the fitness industry, as it continues to expand its footprint and attract new members. The all-time high signals a positive outlook for the company as it capitalizes on trends favoring health and wellness. InvestingPro subscribers can access 12 additional key insights and a comprehensive Pro Research Report for deeper analysis of PLNT’s market position.
In other recent news, Planet Fitness has been the focus of several analyst evaluations and corporate developments. TD Cowen reiterated its Buy rating and set a $125 price target, citing a potential for Planet Fitness to exceed earnings estimates due to strong sales and margins. Canaccord Genuity also raised its price target to $126, noting that the company’s new membership cancellation feature is not significantly affecting member churn. JPMorgan increased its price target to $108, highlighting promising growth prospects and strong leadership. Stifel upgraded the stock from Hold to Buy, increasing the price target to $120, based on improved marketing strategies and potential legislative changes that could boost memberships.
Additionally, Planet Fitness announced key updates following its annual stockholders meeting. Stockholders approved the 2025 Omnibus Incentive Plan to enhance incentive compensation, and amendments to the company’s charter were made, including the removal of supermajority voting requirements. The election of directors for three-year terms was confirmed, and KPMG LLP was ratified as the independent auditor for the fiscal year ending December 31, 2025. However, a proposal for an EEO-1 report disclosure policy was not approved. These developments reflect Planet Fitness’s efforts to align with stockholder interests and enhance corporate governance.
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