B. Riley lowered the firm’s price target on Xponential Fitness to $28 from $46 and keeps a Buy rating on the shares post the Q3 report. The analyst anticipates growth deceleration with moderating comps and license sales amid a more challenging macroeconomic environment for consumers, franchisees, and larger acquisitions. As such, it reduced estimates.
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Read More on XPOF:
- Xponential Fitness raises FY23 revenue guidance to $305M-$310M, consensus $304M
- Xponential Fitness reports Q3 adjusted EPS 9c, consensus 15c
- Xponential Fitness management to meet with Lake Street
- JD.com upgraded, Paycom downgraded: Wall Street’s top analyst calls
- Xponential Fitness downgraded to Neutral from Buy at BofA
