Movement Alert｜Planet Fitness Rises 8.01% in Regular Trading, RBC Cuts Target Price but Keeps Outperform Rating

Market Focus10-10

On October 10, Planet Fitness rose 8.01% in regular trading, trading at $47.555/share, with Turnover of $52.3056 million. The move came as Royal Bank of Canada lowered its price target on Planet Fitness from $65 to $60, while maintaining an outperform rating.

FactSet survey data shows analysts' average rating for PLNT is overweight, with an average target price of $65.31. Planet Fitness, Inc., founded on March 16, 2015, is one of the largest and fastest-growing franchisors and operators of fitness centers globally by member count and store count.

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