Planet Fitness (PLNT) Stock Forecast & Price Target

$74.99

+0.29 (+0.39%)

(As of 07/26/2024 ET)

Planet Fitness - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy
Based on 14 Analyst Ratings

Based on 14 Wall Street analysts who have issued ratings for Planet Fitness in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 14 analysts, 3 have given a hold rating, 10 have given a buy rating, and 1 has given a strong buy rating for PLNT.

Consensus Price Target

$77.64
3.54% Upside

High Forecast	$100.00
Average Forecast	$77.64
Low Forecast	$45.00

According to the 14 analysts' twelve-month price targets for Planet Fitness, the average price target is $77.64. The highest price target for PLNT is $100.00, while the lowest price target for PLNT is $45.00. The average price target represents a forecasted upside of 3.54% from the current price of $74.99.

Type	Current Forecast 7/28/23 to 7/27/24	1 Month Ago 6/28/23 to 6/27/24	3 Months Ago 4/29/23 to 4/28/24	1 Year Ago 7/28/22 to 7/28/23
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	10 Buy rating(s)	10 Buy rating(s)	8 Buy rating(s)	8 Buy rating(s)
Hold	3 Hold rating(s)	3 Hold rating(s)	5 Hold rating(s)	1 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$77.64	$77.64	$71.00	$84.33
Forecasted Upside	3.54% Upside	19.88% Upside	17.72% Upside	12.47% Upside

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PLNT Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

PLNT Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Planet Fitness Stock vs. The Competition

Type	Planet Fitness	Consumer Discretionary Companies	S&P 500
Consensus Rating Score	2.86	2.55	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	3.54% Upside	122.36% Upside	9.10% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
7/11/2024	Piper Sandler 2 of 5 stars		Boost Target	Overweight ➝ Overweight	$80.00 ➝ $89.00	+23.18%
6/24/2024	TD Cowen 4 of 5 stars	M. Rakhlenko Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Buy	$66.00 ➝ $92.00	+26.50%
6/14/2024	Morgan Stanley 3 of 5 stars		Reiterated Rating	Overweight ➝ Overweight	$79.00 ➝ $79.00	+11.14%
6/14/2024	DA Davidson Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Neutral ➝ Neutral	$62.00 ➝ $62.00	-13.25%
6/10/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$62.00 ➝ $100.00	+46.91%
5/14/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Overweight	$68.00 ➝ $78.00	+18.97%
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5/10/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Strong-Buy ➝ Strong-Buy	$75.00 ➝ $80.00	+23.80%
5/10/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$80.00 ➝ $77.00	+20.22%
5/10/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$80.00 ➝ $88.00	+34.76%
5/10/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold	$80.00 ➝ $70.00	+7.20%
10/16/2023	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underperform ➝ Neutral	$45.00	-13.18%
9/18/2023	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$80.00 ➝ $70.00	+39.19%
8/30/2023	Macquarie Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$85.00 ➝ $77.00	+25.33%
8/4/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$95.00 ➝ $80.00	+28.56%
5/5/2023	VNET Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains
5/5/2023	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$90.00 ➝ $82.00	+17.46%
2/27/2023	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$90.00 ➝ $92.00	+14.14%
11/16/2022	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$80.00 ➝ $90.00	+17.32%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 07:22 AM ET.

PLNT Forecast - Frequently Asked Questions

What is Planet Fitness' forecast for 2024?: According to the research reports of 14 Wall Street equities research analysts, the average twelve-month stock price forecast for Planet Fitness is $77.64, with a high forecast of $100.00 and a low forecast of $45.00.
Should I buy or sell Planet Fitness stock right now?: 14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Planet Fitness in the last twelve months. There are currently 3 hold ratings, 10 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" PLNT shares.
Does Planet Fitness's stock price have much upside?: According to analysts, Planet Fitness's stock has a predicted upside of 19.95% based on their 12-month stock forecasts.
Has Planet Fitness been upgraded or downgraded by Wall Street analysts recently?: Over the previous 90 days, Planet Fitness's stock had 3 upgrades and 1 downgrade by analysts.
What analysts cover Planet Fitness?: Planet Fitness has been rated by research analysts at DA Davidson, Jefferies Financial Group, JPMorgan Chase & Co., Morgan Stanley, Piper Sandler, Raymond James, Robert W. Baird, Royal Bank of Canada, Stifel Nicolaus, and TD Cowen in the past 90 days.
Do Wall Street analysts like Planet Fitness more than its competitors?: Analysts like Planet Fitness more than other "consumer discretionary" companies. The consensus rating score for Planet Fitness is 2.86 while the average consensus rating score for "consumer discretionary" companies is 2.55. Learn more on how PLNT compares to other companies.