Lake Street ‘optimistic’ about Xponential Fitness following investor day

After Xponential Fitness hosted an investor day, Lake Street says the firm’s “overall takeaway” is that Xponential “continues to be well-positioned as the industry leader in the boutique fitness space” and the analyst continues to be “optimistic” following the event. The firm, which viewed shares as undervalued following a recent short report, notes that shares traded down about 15% after the investor day and it views the selloff as a buying opportunity. The firm reiterates a Buy rating and $41 price target on Xponential shares.