Membership Collective price target raised to $10 from $9 at Citi

Citi analyst Steven Zaccone raised the firm’s price target on Membership Collective to $10 from $9 and keeps a Buy rating on the shares. The analyst is encouraged by the Q4 EBITDA beat and says the company’s demand is remaining strong despite macroeconomic volatility, which suggests its 2023 revenue guidance is likely conservative. The stock’s current valuation offers an attractive risk/reward, the analyst tells investors in a research note.