On October 2, we noted, “For the last several years, the Planet Fitness stock tends to take off around the holidays. It’s even starting to do so again now after plummeting. We saw it take off in late 2020, in late 2021, and again in late 2022. Now, we’re seeing it happen again. In fact, after bottoming out around $45, the oversold gym stock is also starting to pivot from over-extensions on RSI, MACD, and Williams’ %R.”
At the time, PLNT traded at about $81 a share. Today, as hoped, the stock is now up to $100.34 and could rally even more as we near New Year 2025.


Helping, the company’s EPS of 64 cents beat estimates by six cents. Revenue of $292.2 million, up 5.3% year over year, beat by $6.95 million. “We delivered solid results in the quarter, including more than 5 percent revenue growth, approximately 3 percent net income growth and approximately 10 percent Adjusted EBITDA growth, and are raising our outlook for certain key financial targets,” said Colleen Keating, Chief Executive Officer.
In addition, TD Cowen analysts just raised their price target on PLNT to $120 from $110 with a buy rating. The firm also named Planet Fitness as a Best Idea for 2025. The firm added that PLNT is in a multi-year turnaround with a compelling catalyst path which should drive upside to estimates and support valuation expansion, as noted by TipRanks.com.
Sincerely,
Ian Cooper
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