Guggenheim analyst John Heinbockel raised the firm’s price target on Life Time Group to $21 from $17 and keeps a Buy rating on the shares, citing the company’s better-than-expected preliminary Q4 results, "seemingly conservative" initial 2023 guidance, and management’s commitment to improving profitability. The firm’s 2023 estimates are near the respective guidance midpoints, but it has "greater confidence that the high end of the EBITDA target can be exceeded," Guggenheim tells investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on LTH:
- Life Time Group invests $800,000 into squash complex
- Life Time Group price target raised to $17 from $15 at Guggenheim
- Life Time Group sees FY23 revenue $2.2B-$2.3B, consensus $2.24B
- Life Time Group reports preliminary Q4 revenue $472M-$473M, consensus $478.93M
- Life Time Reports Preliminary Financial Results for Fourth Quarter and Full-Year Fiscal 2022 and Introduces Fiscal 2023 Guidance