Investment firm Stifel began its coverage of Xponential Fitness (NYSE:XPOF) with a Hold rating and a price target of $18. The firm said the rationale for the rating was weakening consumer spending.
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In addition, the firm noted that the company’s failure to provide quarterly information makes it difficult to track the success of its major brands, resulting in a lower valuation. As a result, Stifel analysts said they cannot correctly estimate the company’s growth targets and performance.
Furthermore, the investment firm said it is looking for more data to ascertain if the company is generating as much revenue from brands such as Rumble, BFTs, CycleBar, Pure Barre, and YogaSix franchisees. Indeed, the assessment is needed to be sure Xponential makes enough money to warrant its fast-paced growth in North America.
Is Xponential Fitness a Good Stock to Buy?
Turning to Wall Street, analysts have a Moderate Buy consensus rating on XPOF stock based on seven Buys, two Holds, and zero Sells assigned in the past three months, as indicated by the graphic above. Furthermore, the average XPOF price target of $29.89 per share implies 115.35% upside potential.