TD Cowen Downgrades Planet Fitness
On Friday September 15th, TD Cowen(Rank #189 of #350) issued a research report downgrading Planet Fitness, the well-known fitness and gym chain. The analyst downgraded the stock’s rating from “Outperform” to “Market Perform with a 12 month price target cut from USD 72 to a new target of USD 55 pers share. The downgrade and valuation cut raises important questions about the future prospects of the company as the board fires the CEO.
Planet Fitness Stock Analysis
Analyst Predictions:
Based on the consensus of 12 analysts, the average target price for Planet Fitness Inc stands at USD 81.32 over the next 12 months. This target price indicates an optimistic outlook for the company’s stock and suggests the potential for substantial growth.
Furthermore, the average analyst rating for Planet Fitness Inc is categorized as “Strong Buy.” This consensus among analysts underscores their confidence in the company’s prospects and may serve as an encouraging signal for potential investors.
Stock Target Advisor’s Analysis:
Stock Target Advisor, an independent analysis platform, provides its own perspective on Planet Fitness Inc’s stock. Their analysis characterizes the outlook for the company as “Slightly Bearish.” This rating is derived from a combination of 4 positive signals and 5 negative signals identified by their proprietary algorithm.
Positive signals may include factors such as revenue growth, earnings performance, or positive industry trends. Conversely, negative signals may encompass considerations like market volatility or competitive challenges.
Stock Price Performance:
Understanding the historical performance of a stock is essential for investors. At the last closing, Planet Fitness Inc’s stock price was USD 59.80. This figure represents the most recent valuation of the company’s shares in the stock market.
Over the past week, the stock price experienced a modest increase, rising by +0.59%. Short-term fluctuations in stock prices can be influenced by various factors, including market sentiment and company-specific news.
However, over the past month, the stock price saw a decline, down by -3.24%. This decrease may have been influenced by a range of factors, including broader market trends and developments in the fitness industry.
Over the last year, the stock price has experienced a more substantial decline, down by -14.06%. Long-term stock performance can be influenced by a multitude of factors, including economic conditions, competitive dynamics, and industry-specific challenges.
