Xponential Fitness price target lowered to $32 from $41 at Lake Street

Lake Street analyst Ryan Meyers lowered the firm’s price target on Xponential Fitness to $32 from $41 and keeps a Buy rating on the shares after the company reported “solid” Q4 results. The firm is revising its price target down to $32 based on the current multiple compression, but it thinks the long-term thesis is intact and continues to have “high conviction in Xponential Fitness,” the analyst tells investors.