RBC Capital raised the firm’s price target on Planet Fitness (PLNT) to $135 from $120 and keeps an Outperform rating on the shares as part of a broader research note previewing 2026 for Restaurants and Leisure names. The firm is positive on the company’s strong and stable same-store sales, improving unit growth and asset-light business model as the primary drivers for its valuation multiple, the analyst tells investors in a research note. With price increases flowing into the model in addition to accelerating unit growth, the stock is attractive, trading below historical averages, RBC added.
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