Xponential Fitness Inc (XPOF) PT Raised to $30 at Jefferies

November 12, 2021 8:22 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 raised the price target on Xponential Fitness Inc (NYSE: XPOF) to $30.00 (from $18.00) while maintaining a Buy rating.

The analyst commented, "XPOF's 3Q results prove in-person fitness is coming back aggressively. Openings were strong and more importantly, mgmt continues to see robust new license sales (+~250), illustrating a healthy franchise base that's in high demand. Looking ahead, we see club AUV reaching and exceeding pre-COVID levels and company sales/SSS/EBITDA upside. With strong fundamentals, we believe a much higher multiple should be paid for XPOF shares and raise our PT to $30 from $18."

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Jefferies & Co, Randal Konik