Xponential Fitness Inc (XPOF) Mangement Meeting Higlights the Beneifts of M&A- Jefferies

January 26, 2022 8:39 AM EST
Get Alerts XPOF Hot Sheet
Price: $16.32 +7.37%

Rating Summary:
    10 Buy, 0 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 10 | Down: 13 | New: 20
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Jefferies analyst Randal Konik reiterated a Buy rating and $30.00 price target on Xponential Fitness Inc (NYSE: XPOF) after meeting with management increased the analyst's confidence in strong top- and bottom-line growth over time as the company continues to build its backlog of licenses both domestically and internationally, expand its XPASS offering, and bolster its brand portfolio through additional M&A.

The analyst stated "Recent Acquisitions Provide Incremental Opportunities. XPOF's acquisition of Rumble (March 2021) provided the company with an entrance into the modality of boxing. We believe this brand has significant room to grow both domestically and internationally, underscored by the signing of a master franchise agreement for >100 studios in Australia this past Fall. Meanwhile, XPOF's more recent acquisition of BFT (October 2021) meaningfully expanded the company's international footprint with 130 studios open and 150 studios obligated to open in the following 12 months (at time of acquisition). We believe M&A remains a key focus for XPOF given the ability to continue broadening out its portfolio with complimentary brands and across additional modalities."

For an analyst ratings summary and ratings history on Xponential Fitness Inc click here. For more ratings news on Xponential Fitness Inc click here.

Shares of Xponential Fitness Inc closed at $16.35 yesterday.

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Jefferies & Co, Definitive Agreement, Randal Konik