RBC Capital raised the firm’s price target on Planet Fitness (PLNT) to $120 from $115 and keeps an Outperform rating on the shares. The company’s investor day was largely positive while its FY26-FY28 financial algorithm sets an achievable bar, the analyst tells investors in a research note. The EBITDA growth CAGR outlook is also multiple hundreds of basis points above consensus estimates, the firm added.
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