Planet Fitness (PLNT) Stock Forecast & Price Target

$69.06

+0.76 (+1.11%)

(As of 12:30 PM ET)

Today's Range: $68.79
▼
$69.67
50-Day Range: $46.12
▼
$69.67
52-Week Range: $44.13
▼
$85.90

Volume: 182,691 shs
Average Volume: 1.42 million shs
Market Capitalization: $6.09 billion

P/E Ratio: 42.89
Dividend Yield: N/A
Price Target: $67.88

Planet Fitness Consensus Analyst Rating 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.

Analysts' Consensus Rating

Moderate Buy
Based on 15 Analyst Ratings

Analysts' Consensus Price Target

$67.88
-1.72% Downside

High Forecast	$92.00
Average Forecast	$67.88
Low Forecast	$45.00

Type	Current Forecast 12/6/22 to 12/6/23	1 Month Ago 11/6/22 to 11/6/23	3 Months Ago 9/7/22 to 9/7/23	1 Year Ago 12/6/21 to 12/6/22
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	9 Buy rating(s)	11 Buy rating(s)	11 Buy rating(s)	9 Buy rating(s)
Hold	5 Hold rating(s)	5 Hold rating(s)	1 Hold rating(s)	2 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$67.88	$68.29	$81.00	$90.23
Predicted Upside	-1.72% Downside	14.82% Upside	17.88% Upside	28.63% Upside

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PLNT Analyst Ratings 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	2.73	2.57	2.49
Consensus Rating	Moderate Buy	Moderate Buy	Hold
Predicted Upside	-1.73% Downside	120.82% Upside	2,088.76% Upside
News Sentiment Rating	Very Positive News	Neutral News	Positive News

Recent Analyst Ratings and Stock Forecasts

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
11/9/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$65.00 ➝ $74.00	+18.72%
11/8/2023	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$68.00 ➝ $74.00	+19.41%
11/8/2023	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Strong-Buy ➝ Strong-Buy	$66.00 ➝ $73.00	+16.69%
10/16/2023	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underperform ➝ Neutral	$45.00	-13.18%
10/12/2023	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$66.00 ➝ $60.00	+17.30%
9/19/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Overweight ➝ Neutral	$70.00 ➝ $52.00	+7.23%
Get the Latest News and Ratings for PLNT and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Planet Fitness and its competitors with MarketBeat's FREE daily newsletter.
9/18/2023	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$75.00 ➝ $65.00	+32.90%
9/18/2023	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$87.00 ➝ $65.00	+29.25%
9/18/2023	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$80.00 ➝ $70.00	+39.19%
9/18/2023	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold	$90.00 ➝ $56.00	+11.35%
9/15/2023	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Market Perform	$72.00 ➝ $55.00	+6.26%
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	DA Davidson Subscribe to MarketBeat All Access for the recommendation accuracy rating	L. Weiser Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Neutral ➝ Neutral	$67.00 ➝ $66.00	+5.31%
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%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 12:54 PM ET.

PLNT Price Target - Frequently Asked Questions

What is Planet Fitness's consensus rating and price target?: According to the issued ratings of 15 analysts in the last year, the consensus rating for Planet Fitness stock is Moderate Buy based on the current 5 hold ratings, 9 buy ratings and 1 strong buy rating for PLNT. The average twelve-month price prediction for Planet Fitness is $67.88 with a high price target of $92.00 and a low price target of $45.00. Learn more on PLNT's analyst rating history.
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 2.73 while the average consensus rating score for consumer discretionary companies is 2.58. Learn more on how PLNT compares to other companies.
Is Planet Fitness being upgraded or downgraded by Wall Street analysts?: Over the previous 90 days, Planet Fitness's stock had 3 downgrades and 1 upgrade by analysts.

Does Planet Fitness's stock price have much upside?: According to analysts, Planet Fitness's stock has a predicted upside of 13.30% based on their 12-month stock forecasts.
What analysts cover Planet Fitness?: Planet Fitness has been rated by BNP Paribas, Guggenheim, 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.

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This page (NYSE:PLNT) was last updated on 12/6/2023 by MarketBeat.com Staff

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