Planet Fitness (PLNT) Stock Forecast & Price Target

$100.95 -0.58 (-0.57%)

(As of 11/25/2024 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 16 Analyst Ratings

Sell
0

Hold
4

Buy
12

Based on 16 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 16 analysts, 4 have given a hold rating, 11 have given a buy rating, and 1 has given a strong buy rating for PLNT.

Consensus Price Target

$91.81
-9.05% Downside

According to the 16 analysts' twelve-month price targets for Planet Fitness, the average price target is $91.81. The highest price target for PLNT is $110.00, while the lowest price target for PLNT is $62.00. The average price target represents a forecasted downside of -9.05% from the current price of $100.95.

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PLNT Analyst Ratings Over Time

Type	Current Forecast 11/27/23 to 11/26/24	1 Month Ago 10/28/23 to 10/27/24	3 Months Ago 8/29/23 to 8/28/24	1 Year Ago 11/27/22 to 11/27/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	11 Buy rating(s)	11 Buy rating(s)	11 Buy rating(s)	9 Buy rating(s)
Hold	4 Hold rating(s)	3 Hold rating(s)	3 Hold rating(s)	5 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$91.81	$85.27	$79.87	$67.88
Forecasted Upside	-9.05% Downside	4.33% Upside	-2.08% Downside	3.91% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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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	2.81	2.56	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	-8.87% Downside	1,210.10% Upside	6.31% Upside
News Sentiment Rating	Positive News See Recent PLNT 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
11/8/2024	Royal Bank of Canada 4 of 5 stars		Boost Target	Outperform ➝ Outperform	$87.00 ➝ $110.00	+15.70%
11/8/2024	Raymond James 4 of 5 stars		Boost Target	Strong-Buy ➝ Strong-Buy	$92.00 ➝ $110.00	+15.70%
11/8/2024	JPMorgan Chase & Co. 3 of 5 stars		Boost Target	Overweight ➝ Overweight	$80.00 ➝ $90.00	-5.90%
11/8/2024	Macquarie Subscribe to MarketBeat All Access for the recommendation accuracy rating	P. Golding Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Outperform ➝ Neutral	$91.00 ➝ $99.00	+5.20%
11/8/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$92.00 ➝ $110.00	+16.88%
10/29/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$84.00 ➝ $89.00	+9.55%
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10/16/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$70.00 ➝ $75.00	-8.91%
9/27/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Hold	$71.00	-14.18%
9/6/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$95.00 ➝ $100.00	+22.96%
9/5/2024	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating	L. Vasilescu Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Outperform	$97.00	+22.82%
8/7/2024	Roth Mkm Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$73.00 ➝ $88.00	+13.58%
8/7/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$80.00 ➝ $87.00	+12.59%
7/11/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$80.00 ➝ $89.00	+23.18%
6/24/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Rakhlenko Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Buy	$66.00 ➝ $92.00	+26.50%
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%
9/18/2023	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$80.00 ➝ $70.00	+39.19%
5/5/2023	VNET Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains
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 Tuesday at 02:44 AM ET.

PLNT Forecast - Frequently Asked Questions

: According to the research reports of 16 Wall Street equities research analysts, the average twelve-month stock price forecast for Planet Fitness is $91.81, with a high forecast of $110.00 and a low forecast of $62.00.
: 16 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Planet Fitness in the last twelve months. There are currently 4 hold ratings, 11 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" PLNT shares.
: According to analysts, Planet Fitness's stock has a predicted downside of -9.05% based on their 12-month stock forecasts.
: Over the previous 90 days, Planet Fitness's stock had 1 upgrade by analysts.
: Planet Fitness has been rated by research analysts at Bank of America, BNP Paribas, Deutsche Bank Aktiengesellschaft, JPMorgan Chase & Co., Macquarie, Morgan Stanley, Raymond James, Robert W. Baird, Royal Bank of Canada, and Stifel Nicolaus in the past 90 days.
: Analysts like Planet Fitness more than other "consumer discretionary" companies. The consensus rating score for Planet Fitness is 2.81 while the average consensus rating score for "consumer discretionary" companies is 2.56. Learn more on how PLNT compares to other companies.

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This page (NYSE:PLNT) was last updated on 11/26/2024 by MarketBeat.com Staff

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Planet Fitness (PLNT) Stock Forecast & Price Target