Planet Fitness (PLNT) PT Lowered to $105 at Stifel

Stifel analyst Chris O\'Cull lowered the price target on Planet Fitness (NYSE: PLNT) to $105.00 (from $130.00) while maintaining a Buy rating.

The analyst comments "Our View: Although PLNT's 4Q25 results were stable, the 2026 adjusted EBITDA guidance of 10% significantly missed the mid-teens outlook for 2026-2028. This "guidance gap" is particularly frustrating given the missed opportunities to level-set expectations at the November Investor Day and January ICR conference. The company now faces a credibility hurdle. Is 2026 guidance conservative, or are the out-year targets unrealistic? Until the company provides a clearer path to acceleration, we expect the stock will likely churn. We remain Buy-rated because we view 2026 as conservative, but remove the name from the Stifel Focus List given the lack of immediate catalysts."

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