PLNT - Planet Fitness Faces Unmet Commitment For Unit Openings Given The Macro Climate Says Analyst | Benzinga
Stifel analyst Chris O'Cull reiterated a Buy rating on the shares of Planet Fitness Inc (NYSE: PLNT) with a price target of $65.00.
The company is slated to report its third-quarter FY23 earnings on November 7, 2023.
According to the analyst, Planet Fitness' domestic system added 23-28 net units during 3Q, shy of the +33 unit Street mean.
If the company misses the unit count mark in 3Q, it would mark the fourth quarter out of the last seven that has fallen short of consensus projections, says the analyst.
The 2023 guidance calls for approximately 160 new locations. Based on the analyst's expected range ...