
Planet Fitness (PLNT) Stock Forecast & Price Target
Planet Fitness (PLNT) Analyst Ratings
Bulls say
Planet Fitness is poised for strong growth with an anticipated system-wide comparable sales increase of approximately 6.5% and revenue growth projected at about 11%, reflecting an upward revision from previous estimates. The company's proactive strategies, including a 28% increase in the pipeline of Area Development Agreements and the addition of a dedicated franchise sales leader, are expected to enhance franchise and corporate-owned store performance. Additionally, early positive results from revamped club designs and increased engagement among the Gen Z demographic, along with potential international unit acquisitions, underscore Planet Fitness's robust positioning for future expansion and profitability.
Bears say
The analysis reveals a concerning trend for Planet Fitness, particularly due to the modest decline in member rejoin rates, dropping from 38% in Q3 and 37% in Q4 to the mid-30s in Q1 and Q2, which may indicate potential challenges in member retention. Additionally, the company's reliance on a limited number of suppliers for equipment poses a risk of business disruptions, which could adversely impact revenue and profit margins. Lastly, the competitive landscape suggests that rivals may replicate Planet Fitness's business model, leading to potential erosion of market share and brand recognition, ultimately hampering growth and profitability.
This aggregate rating is based on analysts' research of Planet Fitness and is not a guaranteed prediction by Public.com or investment advice.
Planet Fitness (PLNT) Analyst Forecast & Price Prediction
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