Xponential Fitness price target raised to $31 from $29 at Guggenheim

Guggenheim analyst John Heinbockel raised the firm’s price target on Xponential Fitness to $31 from $29 and keeps a Buy rating on the shares following the company’s "generally in-line" Q4 results and initial 2023 guidance. Guggenheim believes that Xponential is well positioned for outperformance in "an ongoing, potentially challenging macro backdrop," the analyst tells investors.