Planet Fitness (PLNT) Stock Forecast, Price Target & Predictions
PLNT Stock Forecast
Planet Fitness stock forecast is as follows: an average price target of $85.90 (represents a -12.23% downside from PLNT’s last price of $97.87) and a rating consensus of 'Buy', based on 13 wall street analysts offering a 1-year stock forecast.
PLNT Price Target
The average price target for Planet Fitness (PLNT) is $85.90 based on 1-year price targets from 13 Wall Street analysts in the past 3 months, with a price target range of $130.00 to $40.00. This represents a potential -12.23% downside from PLNT's last price of $97.87.
PLNT Analyst Ratings
According to 13 Wall Street analysts, Planet Fitness's rating consensus is 'Buy'. The analyst rating breakdown for PLNT stock is 1 'Strong Buy' (7.69%), 10 'Buy' (76.92%), 2 'Hold' (15.38%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Planet Fitness Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Nov 08, 2024 | Simeon Siegel | BMO Capital | $100.00 | $79.42 | 25.91% | 2.18% |
| Oct 16, 2024 | Chris O'Cull | Stifel Nicolaus | $75.00 | $82.77 | -9.39% | -23.37% |
| Sep 27, 2024 | Chris Woronka | Deutsche Bank | $71.00 | $82.73 | -14.18% | -27.45% |
| Sep 05, 2024 | Laurent Vasilescu | BNP Paribas | $97.00 | $80.67 | 20.24% | -0.89% |
| Aug 26, 2024 | Jonathan Komp | Robert W. Baird | $92.00 | $81.07 | 13.48% | -6.00% |
| Aug 07, 2024 | Linda Bolton Weiser | D.A. Davidson | $70.00 | $75.74 | -7.58% | -28.48% |
| Aug 07, 2024 | Simeon Siegel | BMO Capital | $87.00 | $75.74 | 14.87% | -11.11% |
| Aug 07, 2024 | John Heinbockel | Guggenheim | $85.00 | $76.40 | 11.26% | -13.15% |
| Jun 24, 2024 | Joshua Reilly | Needham | $40.00 | $74.43 | -46.26% | -59.13% |
| Jun 13, 2024 | Linda Bolton Weiser | D.A. Davidson | $62.00 | $72.50 | -14.48% | -36.65% |
The latest Planet Fitness stock forecast, released on Nov 08, 2024 by Simeon Siegel from BMO Capital, set a price target of $100.00, which represents a 25.91% increase from the stock price at the time of the forecast ($79.42), and a 2.18% increase from PLNT last price ($97.87).
Planet Fitness Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 5 | 16 |
| Avg Price Target | $100.00 | $87.00 | $78.81 |
| Last Closing Price | $97.87 | $97.87 | $97.87 |
| Upside/Downside | 2.18% | -11.11% | -19.47% |
In the current month, the average price target of Planet Fitness stock is $100.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 2.18% increase as opposed to Planet Fitness's last price of $97.87. This month's average price target is up 14.94% compared to last quarter, and up 26.89% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 29, 2024 | Morgan Stanley | Overweight | Overweight | Hold |
| Oct 23, 2024 | Cowen & Co. | Buy | Buy | Hold |
| Sep 27, 2024 | Deutsche Bank | - | Hold | Initialise |
| Sep 05, 2024 | Exane BNP Paribas | Neutral | Outperform | Upgrade |
| Aug 07, 2024 | Macquarie | Outperform | Outperform | Hold |
| Aug 07, 2024 | RBC Capital | Outperform | Outperform | Hold |
| Aug 07, 2024 | BMO Capital | Outperform | Outperform | Hold |
| Aug 07, 2024 | Guggenheim | Buy | Buy | Hold |
| Jul 11, 2024 | Piper Sandler | Overweight | Overweight | Hold |
| Jun 24, 2024 | Cowen & Co. | Hold | Buy | Upgrade |
Planet Fitness's last stock rating was published by Morgan Stanley on Oct 29, 2024. The company gave PLNT a "Overweight" rating, the same as its previous rate.
Planet Fitness Financial Forecast
Planet Fitness Revenue Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $277.55M | $286.46M | $222.22M | $281.27M | $244.39M | $224.44M | $186.68M | $183.64M | $154.25M | $137.25M | $111.88M | $133.77M | $105.38M |
| Avg Forecast | $399.40M | $403.40M | $388.80M | $352.10M | $375.13M | $344.76M | $356.73M | $309.38M | $341.67M | $318.88M | $325.61M | $285.14M | $323.99M | $285.27M | $290.17M | $249.98M | $282.17M | $268.18M | $251.99M | $238.29M | $271.48M | $234.55M | $230.15M | $189.96M | $177.99M | $135.02M | $127.56M | $122.71M | $137.12M | $109.02M |
| High Forecast | $434.05M | $438.40M | $422.53M | $382.64M | $407.68M | $374.67M | $387.67M | $336.22M | $371.31M | $346.55M | $353.85M | $320.42M | $336.51M | $285.39M | $290.17M | $250.23M | $289.45M | $280.60M | $273.85M | $258.97M | $295.04M | $234.55M | $230.15M | $189.96M | $177.99M | $135.02M | $127.56M | $122.71M | $137.12M | $109.02M |
| Low Forecast | $366.46M | $370.13M | $356.74M | $323.06M | $344.20M | $316.33M | $327.31M | $283.87M | $313.50M | $292.59M | $298.76M | $264.15M | $297.73M | $285.16M | $290.17M | $249.73M | $273.86M | $254.95M | $231.21M | $218.64M | $249.10M | $234.55M | $230.15M | $189.96M | $177.99M | $135.02M | $127.56M | $122.71M | $137.12M | $109.02M |
| # Analysts | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 8 | 8 | 8 | 10 | 13 | 7 | 7 | 4 | 9 | 16 | 8 | 9 | 12 | 7 | 7 | 8 | 13 | 8 | 8 | 9 | 13 | 3 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.03% | 1.14% | 0.93% | 1.04% | 1.04% | 0.98% | 0.98% | 1.03% | 1.14% | 1.08% | 0.91% | 0.98% | 0.97% |
Planet Fitness's average Quarter revenue forecast for Dec 23 based on 9 analysts is $282.17M, with a low forecast of $273.86M, and a high forecast of $289.45M. PLNT's average Quarter revenue forecast represents a 1.66% increase compared to the company's last Quarter revenue of $277.55M (Sep 23).
Planet Fitness EBITDA Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 8 | 8 | 8 | 10 | 13 | 7 | 7 | 4 | 9 | 16 | 8 | 9 | 12 | 7 | 7 | 8 | 13 | 8 | 8 | 9 | 13 | 3 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $68.38M | $118.30M | $92.21M | $106.73M | $100.83M | $87.89M | $78.64M | $32.95M | $60.52M | $54.33M | $44.65M | $51.62M | $30.18M |
| Avg Forecast | $150.30M | $151.81M | $146.31M | $132.50M | $141.17M | $129.74M | $134.24M | $116.43M | $128.58M | $120.00M | $122.53M | $107.30M | $121.93M | $107.36M | $109.20M | $75.41M | $106.19M | $100.92M | $94.83M | $68.56M | $36.24M | $85.87M | $84.26M | $62.32M | $65.17M | $49.43M | $46.70M | $59.22M | $50.20M | $39.91M |
| High Forecast | $163.34M | $164.98M | $159.01M | $144.00M | $153.42M | $141.00M | $145.89M | $126.53M | $139.73M | $130.41M | $133.16M | $120.58M | $126.64M | $107.40M | $109.20M | $90.49M | $108.93M | $105.60M | $103.05M | $82.27M | $43.49M | $85.87M | $84.26M | $74.79M | $65.17M | $49.43M | $46.70M | $71.07M | $50.20M | $39.91M |
| Low Forecast | $137.91M | $139.29M | $134.25M | $121.58M | $129.53M | $119.04M | $123.17M | $106.83M | $117.98M | $110.11M | $112.43M | $99.41M | $112.04M | $107.31M | $109.20M | $60.33M | $103.06M | $95.94M | $87.01M | $54.85M | $28.99M | $85.87M | $84.26M | $49.86M | $65.17M | $49.43M | $46.70M | $47.38M | $50.20M | $39.91M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.68% | 1.25% | 1.35% | 2.95% | 1.17% | 1.04% | 1.26% | 0.51% | 1.22% | 1.16% | 0.75% | 1.03% | 0.76% |
9 analysts predict PLNT's average Quarter EBITDA for Dec 23 to be $106.19M, with a high of $108.93M and a low of $103.06M. This is 55.28% upper than Planet Fitness's previous annual EBITDA (Sep 23) of $68.38M.
Planet Fitness Net Income Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 8 | 8 | 8 | 10 | 13 | 7 | 7 | 4 | 9 | 16 | 8 | 9 | 12 | 7 | 7 | 8 | 13 | 8 | 8 | 9 | 13 | 3 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $39.13M | $41.13M | $22.70M | $33.68M | $26.91M | $22.34M | $16.46M | $6.46M | $17.44M | $14.01M | $5.58M | $8.69M | $-3.11M |
| Avg Forecast | $83.88M | $83.88M | $80.49M | $75.41M | $74.32M | $71.35M | $76.87M | $59.97M | $64.49M | $62.04M | $66.93M | $54.49M | $52.25M | $48.87M | $55.86M | $16.23M | $49.18M | $46.31M | $46.19M | $14.76M | $6.31M | $32.85M | $32.96M | $13.42M | $22.38M | $15.70M | $20.02M | $7.40M | $19.65M | $10.45M |
| High Forecast | $93.34M | $93.34M | $89.57M | $83.91M | $82.70M | $79.40M | $85.54M | $66.73M | $71.77M | $69.04M | $74.47M | $58.68M | $53.09M | $48.95M | $55.87M | $19.48M | $50.87M | $50.52M | $51.40M | $17.71M | $7.58M | $32.85M | $32.96M | $16.10M | $22.38M | $15.70M | $20.02M | $8.88M | $19.65M | $10.45M |
| Low Forecast | $74.89M | $74.89M | $71.86M | $67.32M | $66.35M | $63.70M | $68.63M | $53.54M | $57.58M | $55.39M | $59.75M | $50.29M | $51.40M | $48.79M | $55.85M | $12.99M | $46.63M | $41.26M | $41.24M | $11.81M | $5.05M | $32.85M | $32.96M | $10.73M | $22.38M | $15.70M | $20.02M | $5.92M | $19.65M | $10.45M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.85% | 0.89% | 1.54% | 5.33% | 0.82% | 0.68% | 1.23% | 0.29% | 1.11% | 0.70% | 0.75% | 0.44% | -0.30% |
Planet Fitness's average Quarter net income forecast for Dec 23 is $49.18M, with a range of $46.63M to $50.87M. PLNT's average Quarter net income forecast represents a 25.66% increase compared to the company's last Quarter net income of $39.13M (Sep 23).
Planet Fitness SG&A Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 8 | 8 | 8 | 10 | 13 | 7 | 7 | 4 | 9 | 16 | 8 | 9 | 12 | 7 | 7 | 8 | 13 | 8 | 8 | 9 | 13 | 3 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $33.29M | $32.65M | $27.77M | $28.68M | $27.15M | $28.20M | $30.83M | $27.29M | $22.97M | $21.79M | $22.49M | $35.67M | $32.51M |
| Avg Forecast | $54.59M | $55.13M | $53.14M | $48.12M | $51.27M | $47.12M | $48.75M | $42.28M | $46.70M | $43.58M | $44.50M | $38.97M | $44.28M | $38.99M | $39.66M | $30.39M | $38.56M | $36.65M | $34.44M | $27.63M | $30.02M | $32.83M | $32.22M | $25.12M | $24.91M | $18.90M | $17.85M | $29.83M | $19.19M | $15.26M |
| High Forecast | $59.32M | $59.92M | $57.75M | $52.30M | $55.72M | $51.21M | $52.98M | $45.95M | $50.75M | $47.36M | $48.36M | $43.79M | $45.99M | $39.01M | $39.66M | $36.47M | $39.56M | $38.35M | $37.43M | $33.16M | $36.03M | $32.83M | $32.22M | $30.14M | $24.91M | $18.90M | $17.85M | $35.79M | $19.19M | $15.26M |
| Low Forecast | $50.09M | $50.59M | $48.76M | $44.15M | $47.04M | $43.23M | $44.73M | $38.80M | $42.85M | $39.99M | $40.83M | $36.10M | $40.69M | $38.97M | $39.66M | $24.31M | $37.43M | $34.84M | $31.60M | $22.10M | $24.02M | $32.83M | $32.22M | $20.09M | $24.91M | $18.90M | $17.85M | $23.86M | $19.19M | $15.26M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.91% | 0.95% | 1.00% | 0.96% | 0.83% | 0.88% | 1.23% | 1.10% | 1.22% | 1.22% | 0.75% | 1.86% | 2.13% |
Planet Fitness's average Quarter SG&A projection for Dec 23 is $38.56M, based on 9 Wall Street analysts, with a range of $37.43M to $39.56M. The forecast indicates a 15.84% rise compared to PLNT last annual SG&A of $33.29M (Sep 23).
Planet Fitness EPS Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 8 | 8 | 8 | 10 | 13 | 7 | 7 | 4 | 9 | 16 | 8 | 9 | 12 | 7 | 7 | 8 | 13 | 8 | 8 | 9 | 13 | 3 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.46 | $0.49 | $0.27 | $0.40 | $0.32 | $0.26 | $0.20 | $0.08 | $0.21 | $0.17 | $0.07 | $0.11 | $-0.04 |
| Avg Forecast | $0.99 | $0.99 | $0.95 | $0.89 | $0.88 | $0.84 | $0.91 | $0.71 | $0.76 | $0.73 | $0.79 | $0.64 | $0.62 | $0.58 | $0.66 | $0.51 | $0.58 | $0.55 | $0.55 | $0.46 | $0.47 | $0.38 | $0.38 | $0.27 | $0.26 | $0.18 | $0.23 | $0.19 | $0.23 | $0.12 |
| High Forecast | $1.10 | $1.10 | $1.06 | $0.99 | $0.98 | $0.94 | $1.01 | $0.79 | $0.85 | $0.81 | $0.88 | $0.69 | $0.63 | $0.58 | $0.66 | $0.52 | $0.60 | $0.60 | $0.61 | $0.52 | $0.52 | $0.38 | $0.38 | $0.27 | $0.26 | $0.18 | $0.23 | $0.19 | $0.23 | $0.12 |
| Low Forecast | $0.88 | $0.88 | $0.85 | $0.79 | $0.78 | $0.75 | $0.81 | $0.63 | $0.68 | $0.65 | $0.71 | $0.59 | $0.61 | $0.58 | $0.66 | $0.51 | $0.55 | $0.49 | $0.49 | $0.41 | $0.42 | $0.38 | $0.38 | $0.27 | $0.26 | $0.18 | $0.23 | $0.19 | $0.23 | $0.12 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.84% | 0.90% | 0.58% | 0.85% | 0.85% | 0.69% | 0.74% | 0.30% | 1.16% | 0.74% | 0.37% | 0.49% | -0.33% |
According to 9 Wall Street analysts, Planet Fitness's projected average Quarter EPS for Dec 23 is $0.58, with a low estimate of $0.55 and a high estimate of $0.60. This represents a 26.18% increase compared to PLNT previous annual EPS of $0.46 (Sep 23).
Planet Fitness Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| FXLV | F45 Training | $0.25 | $9.25 | 3600.00% | Hold |
| XPOF | Xponential Fitness | $15.61 | $25.18 | 61.31% | Buy |
| MSGE | Sphere Entertainment | $35.55 | $55.20 | 55.27% | Buy |
| JAKK | JAKKS Pacific | $27.63 | $40.33 | 45.96% | Buy |
| BOWL | Bowlero | $11.48 | $16.75 | 45.91% | Buy |
| MAT | Mattel | $18.31 | $25.25 | 37.90% | Buy |
| HAS | Hasbro | $61.76 | $81.25 | 31.56% | Buy |
| SEAS | United Parks & Resorts | $50.30 | $64.50 | 28.23% | Buy |
| SIX | Six Flags Entertainment | $32.00 | $39.00 | 21.88% | Buy |
| FNKO | Funko | $10.38 | $12.60 | 21.39% | Buy |
| FUN | Six Flags Entertainment | $45.83 | $52.25 | 14.01% | Buy |
| LTH | Life Time Group | $24.57 | $24.43 | -0.57% | Hold |
| PLNT | Planet Fitness | $97.87 | $85.90 | -12.23% | Buy |
| GOLF | Acushnet | $69.21 | $52.67 | -23.90% | Buy |