Xponential Fitness price target raised to $31 from $28 at B. Riley

B. Riley raised the firm’s price target on Xponential Fitness to $31 from $28 and keeps a Buy rating on the shares. The analyst increased estimates post the Q1 report. Xponential ‘s pipeline of sold licenses, including those contractually obligated to open, along with organic expansion in existing brands provides four to five years of visibility, the analyst tells investors in a research note.