RBC Capital raised the firm’s price target on Life Time Group to $20 from $18 and keeps an Outperform rating on the shares. The company reported “solid” margin-driven Q4 earnings beat, and while the debate may continue in the near-term around membership and development growth, the firm continues to view shares as attractively valued at under 7-times expected FY25 EBITDA, the analyst tells investors in a research note.
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Read More on LTH:
- Life Time Group sees FY24 revenue $2.46B-$2.5B, consensus $2.46B
- Life Time Group sees Q1 revenue $585M-$595M, consensus $572.86M
- Life Time Group reports Q4 EPS 19c, consensus 8c
- Life Time Reports Fourth Quarter and Full-Year Fiscal 2023 Financial Results
- Life Time Group announces first quarter opening of Denver West location
