BofA lowered the firm’s price target on Planet Fitness (PLNT) to $110 from $115 and keeps a Buy rating on the shares. The firm lowers its 2026 EPS estimate to $3.39 from $3.44 to reflect a lower same store sales growth rate of 4.5% compared to its prior 6.3% forecast, but adds that it expects to see same-store sales accelerate after Q3.
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Read More on PLNT:
- Planet Fitness price target lowered to $117 from $128 at Morgan Stanley
- Planet Fitness: Transitory Headwinds Masking Long-Term Growth Recovery and Undervalued Buy Opportunity
- Planet Fitness price target lowered to $112 from $135 at Baird
- Planet Fitness price target lowered to $120 from $130 at RBC Capital
- Planet Fitness price target lowered to $100 from $135 at TD Cowen