PLNT Price Prediction Next Week
Technical Analysis: Based on recent price action for Planet Fitness (PLNT), the stock has shown significant weakness after its Q4 2024 earnings release.
The stock experienced a notable decline following disappointing same-store sales guidance, despite beating Q4 estimates. Key technical indicators suggest continued downward pressure in the near term.
Fundamental Factors:
- Q4 2024 Results:
- Revenue: $340.45 million (+19.4% YoY)
- System-wide same club sales: +5.5%
- New club openings: 86 locations (78 franchisee-owned, 8 corporate-owned)
- Total clubs: 2,722 as of December 31, 2024
Analyst Views:
- RBC Capital lowered price target from $120 to $110, maintaining Outperform rating
- BofA Securities lowered target from $130 to $115
- Stifel Nicolaus maintains Hold rating
Price Prediction for Next Week: Based on technical analysis and recent news sentiment:
- Resistance level: $93-94
- Support level: $88-89
- Expected trading range: $88-94
Target Price: $91 by end of next week
Recommendation: SELL Rationale:
- Weaker same-store sales guidance (90 bps below consensus)
- No EBITDA leverage expected in 2025 due to elevated investments
- Technical indicators showing bearish momentum
- Recent analyst downgrades suggest near-term headwinds
Best entry point for shorts would be any rally toward $93-94 resistance level, with stop loss at $95.
PLNT Similar Chart Price Prediction
The price of PLNT is predicted to go up 2.75%, based on the high correlation periods with PIPR. The similarity of these two price pattern on the periods is 97.5%.
PLNT
PIPR
Up: 2.75%Similarity: 97.5%
PLNT Revenue Forecast
PLNT EPS Forecast
PLNT FAQs
What is bull’s view on PLNT?
What is bear's view on PLNT?
What is PLNT revenue forecast for next quarter？
What is PLNT eps forecast for next quarter？
PLNT Analyst's Forecast
Logan Reich
RBC Capital
Buy
2025-02-26
Price Target
$120 → $110
Upside
+21.39%
RBC Capital lowered the firm's price target on Planet Fitness to $110 from $120 and keeps an Outperform rating on the shares. The company's Q4 results topped estimates, but while management guided 2025 revenue ahead and new club internal rate of returns are improving towards pre-COVID levels, its SSS guidance came in 90 bps below consensus, the analyst tells investors in a research note. Planet Fitness also guided to no EBITDA leverage this year given elevated investments, the firm adds.
George Kelly
Roth MKM
Strong Buy
2025-02-26
Price Target
$110 → $115
Upside
+26.9%
Rahul Krotthapalli
JP Morgan
Buy
2025-01-17
Price Target
$90 → $100
Downside
-4.27%
