PLNT - Planet Fitness vs. Peloton: PLNT gets the bull call from Cowen PTON slips again

Cowen expects a big year for Planet Fitness (NYSE:PLNT) with strong member growth and gym openings. Analyst Max Raklenko thinks PLNT has one of the most compelling flywheels that yields sustainable share gains and is set to accelerate coming out of the pandemic. The firm boosts its rating on PLNT to Outperform from Market Perform and hikes its price target to $100. Shares of Planet Fitness (PLNT) are up 1.14% in premarket action to $86.40. The flip side of the exercise-at-the-gym trade is Peloton Interactive (NASDAQ:PTON), which is down 1.40% in the early session and is off more than 60% over the last six months. However, if an investor bought Peloton (PTON) right before the pandemic, they would have still be ahead of a Planet Fitness (PLNT) investor despite the recent slide. PLNT vs. PTON since the beginning of 2020.

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Planet Fitness vs. Peloton: PLNT gets the bull call from Cowen, PTON slips again