Planet Fitness, Inc. (NYSE:PLNT – Get Rating) has earned an average recommendation of “Moderate Buy” from the thirteen ratings firms that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $98.91.
Several research firms have commented on PLNT. Piper Sandler cut their price target on Planet Fitness from $87.00 to $72.00 in a report on Wednesday, May 11th. Evercore ISI began coverage on Planet Fitness in a report on Monday, March 14th. They issued an “outperform” rating and a $130.00 price target for the company. DA Davidson cut their price target on Planet Fitness from $110.00 to $90.00 in a report on Friday, May 13th. Robert W. Baird