Xponential Fitness Inc (XPOF) PT Lowered to $21 at Jefferies

Jefferies analyst Randal Konik lowered the price target on Xponential Fitness Inc (NYSE: XPOF) to $21.00 (from $26.00) while maintaining a Buy rating.

The analyst comments "Lots of moving pieces this quarter—new CEO, guidance reset, and elevated closures — however XPOF's portfolio of growth and scaled brands creates a long term setup that remains compelling. While there's still a bottoming process underway with backlog delays and operational cleanup, we believe stabilization is underway. Valuation remains cheap, the long-term setup looks compelling as execution improves and we remain positive on XPOF's growth trajectory."

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