Planet Fitness, Inc. (PLNT)
NYSE: PLNT · IEX Real-Time Price · USD
58.66
-1.18 (-1.97%)
May 1, 2024, 4:00 PM EDT - Market closed
Planet Fitness Stock Forecast
Stock Price Forecast
The 15 analysts with 12-month price forecasts for Planet Fitness stock have an average target of 72.6, with a low estimate of 45 and a high estimate of 89. The average target predicts an increase of 23.76% from the current stock price of 58.66.
Analyst Consensus: Buy
* Price targets were last updated on Apr 1, 2024.
Analyst Ratings
The average analyst rating for Planet Fitness stock from 15 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 4 | 4 | 4 | 4 | 4 | 4 |
| Buy | 8 | 8 | 7 | 6 | 6 | 6 |
| Hold | 5 | 5 | 5 | 5 | 5 | 5 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 17 | 17 | 16 | 15 | 15 | 15 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Morgan Stanley | Morgan Stanley | Buy Reiterates $79 | Buy | Reiterates | $79 | +34.67% | Apr 1, 2024 |
| RBC Capital | RBC Capital | Buy Maintains $74 → $80 | Buy | Maintains | $74 → $80 | +36.38% | Mar 5, 2024 |
| JP Morgan | JP Morgan | Hold Maintains $75 → $72 | Hold | Maintains | $75 → $72 | +22.74% | Feb 26, 2024 |
| Morgan Stanley | Morgan Stanley | Buy Maintains $83 → $79 | Buy | Maintains | $83 → $79 | +34.67% | Feb 23, 2024 |
| Stifel | Stifel | Strong Buy Maintains $85 → $80 | Strong Buy | Maintains | $85 → $80 | +36.38% | Feb 23, 2024 |
Financial Forecast
Revenue This Year
1.17B
from 1.07B
Increased by 8.74%
Revenue Next Year
1.29B
from 1.17B
Increased by 10.64%
EPS This Year
2.54
from 1.62
Increased by 56.61%
EPS Next Year
2.91
from 2.54
Increased by 14.82%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 1.2B | 1.4B | 1.6B |
| Avg | 1.2B | 1.3B | 1.4B |
| Low | 1.1B | 1.2B | 1.3B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 14.0% | 21.4% | 26.1% |
| Avg | 8.7% | 10.6% | 12.2% |
| Low | 3.4% | 3.5% | 1.9% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 2.70 | 3.20 | 4.16 |
| Avg | 2.54 | 2.91 | 3.46 |
| Low | 2.40 | 2.65 | 2.94 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 66.6% | 26.2% | 42.7% |
| Avg | 56.6% | 14.8% | 18.9% |
| Low | 48.2% | 4.3% | 0.8% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.