Jefferies says Xponential Fitness investor sentiment to improve

Jefferies keeps a Buy rating and $26 price target on Xponential Fitness (XPOF), saying investors should buy the stock “now” as the company’s announcement of a no-action decision following an SEC investigation clears the “overhang” of uncertainty. Xponential Fitness valuation multiple has room to rise toward peer levels as the company executes on its growth plans, the analyst tells investors in a research note, adding the stock provides investors with a leading boutique fitness franchisor that has ample potential to further improve its market share.