Xponential Fitness ‘effectively addressed’ short’s accusations, says Lake Street

Lake Street reiterates a Buy rating and $41 price target on Xponential Fitness shares as the firm came away from its fireside chat with management feeling “encouraged” that the business fundamentals “remain solid.” In their talks, management “effectively addressed” the accusations made in the June 27 short report and Lake Street does not see a material risk to FY23 guidance or the long-term financial targets, the analyst tells investors.