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Canaccord Genuity Keeps Their Buy Rating on Planet Fitness (PLNT)

Tipranks - Tipranks - Fri Feb 20, 6:45AM CST

Canaccord Genuity analyst Brian McNamara reiterated a Buy rating on Planet Fitness yesterday and set a price target of $140.00. The company’s shares closed yesterday at $93.89.

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According to TipRanks, McNamara is a 3-star analyst with an average return of 1.9% and a 54.38% success rate. McNamara covers the Consumer Cyclical sector, focusing on stocks such as Driven Brands Holdings, Planet Fitness, and Holley.

Planet Fitness has an analyst consensus of Strong Buy, with a price target consensus of $128.33.

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Based on Planet Fitness’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $330.35 million and a net profit of $58.83 million. In comparison, last year the company earned a revenue of $292.25 million and had a net profit of $42.01 million

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