XPOF - Xponential Fitness Undervalued: Analyst On Why Conservative FY26 Targets Are Good News For Investors | Benzinga
B. Riley Securities analyst Jeff Van Sinderen reiterated a Buy rating on the shares of Xponential Fitness Inc (NYSE: XPOF) with a price target of $46.
Xponential provided FY26 operating targets for revenue of $405.0 million, AEBITDA of $190.0 million, 500 new studio openings, and North American system-wide sales of $2.330 billion.
The analyst believes that these targets reflect conservatism on the part of management that appears to have been misinterpreted by investors.
The company expects AEBITDA margin of about 35% in FY23, to break 40% in FY24, and 47% in FY26, which will be driven by a favorable margin mix within franchise revenue, increasing international revenue contribution, growing AUV and SG&A leverage, said the analyst.
The ...