Life Time Group Holdings (LTH – Research Report), the Consumer Cyclical sector company, was revisited by a Wall Street analyst today. Analyst Alexander Perry from Bank of America Securities maintained a Buy rating on the stock and has a $45.00 price target.
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Alexander Perry’s rating is based on Life Time Group Holdings’ strategic initiatives and financial performance. The company is actively exploring multiple revenue streams, such as expanding its pickleball offerings and introducing the Miora longevity program, which includes GLP-1 medication and hormone optimization. Additionally, Life Time is enhancing its digital app with AI capabilities to improve customer engagement and utilization of its nutrition products. These initiatives are expected to drive revenue and EBITDA growth.
Furthermore, Life Time is optimizing revenue and EBITDA on a per club basis, rather than focusing solely on member count. Despite a softer period in April, the company anticipates improvement with the onset of the high-volume pool season. Attrition rates remain low, and in-center revenue per member has increased significantly. The sale leaseback environment is favorable, supporting the company’s financial stability. These factors contribute to Perry’s Buy rating, with a price objective of $45.00 USD.
Perry covers the Consumer Cyclical sector, focusing on stocks such as SharkNinja, Inc., Fox Factory Holding, and Life Time Group Holdings. According to TipRanks, Perry has an average return of -1.8% and a 40.16% success rate on recommended stocks.
In another report released on May 23, Craig-Hallum also reiterated a Buy rating on the stock with a $45.00 price target.