JPMorgan Reiterates Overweight Rating on Planet Fitness (PLNT) as Stock Down on Muse Launch

JPMorgan analyst Rahul Krotthapalli reiterated an Overweight rating and $62.00 price target on Planet Fitness (NYSE: PLNT).

The analyst commented, "The recent launch of user-friendly personal agents (Instinct, Muse etc) have caused volatility in low touch/frequency auto-pay based subscription models as awareness around cancellation capabilities picked up momentum. Shares of Planet Fitness legged down ~18% week-to-date closing 9/24 at $40.72 – levels last traded during peak covid fears in March 2020, and first traded in April 2018."

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

Shares of Planet Fitness closed at $40.72 yesterday.

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