Xponential Fitness Inc (XPOF) PT Raised to $26 at Baird

November 12, 2021 6:42 AM EST
Get Alerts XPOF Hot Sheet
Price: $21.65 --0%

Rating Summary:
    9 Buy, 0 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 18 | Down: 12 | New: 30
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Baird analyst Jonathan Komp raised the price target on Xponential Fitness Inc (NYSE: XPOF) to $26.00 (from $16.00) while maintaining an Outperform rating.

The analyst commented, "We are encouraged by XPOF's Q3 update which included healthy upside to revenue (>20% beat) and adjusted EBITDA, continued AUV recovery, a raised 2021E development outlook, and positive commentary regarding several initiatives (X-PASS, BFT, LA Fitness partnership) which support an ongoing upward bias. We are increasing estimates to align with raised 2021E guidance, and view a higher valuation as justified by XPOF's solid execution which is increasing visibility to delivering the multi-year algorithm."



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