Stifel Nicolaus Sticks to Their Buy Rating for Planet Fitness (PLNT)

In a report released on January 16, Chris O`Cull from Stifel Nicolaus maintained a Buy rating on Planet Fitness (PLNTResearch Report), with a price target of $93.00. The company’s shares closed yesterday at $82.57.

According to TipRanks, O`Cull is a 5-star analyst with an average return of 12.5% and a 62.68% success rate. O`Cull covers the Services sector, focusing on stocks such as Planet Fitness, Shake Shack, and Portillo’s.

Planet Fitness has an analyst consensus of Strong Buy, with a price target consensus of $93.64, implying a 13.41% upside from current levels. In a report released on January 10, Robert W. Baird also maintained a Buy rating on the stock with a $100.00 price target.

See the top stocks recommended by analysts >>

PLNT market cap is currently $7.5B and has a P/E ratio of 99.24.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Planet Fitness, Inc. engages in the operation and franchise of fitness centers. It operates through the following segments: Franchise, Corporate-Owned Stores, and Equipment. The Franchise segment includes operations related to the company’s franchising business in the U.S., Puerto Rico, Canada, the Dominican Republic, and Panama. The Corporate-Owned Stores segment deals with the operations with respect to all corporate-owned stores throughout the U.S. and Canada. The Equipment segment sells equipment to franchisee-owned stores. The company was founded by Michael Grondahl and Marc Grondahl in 1992 and is headquartered in Newington, NH.

Read More on PLNT:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More