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NYSE: PLNT
Planet Fitness Inc Stock Forecast, Predictions & Price Target

Analyst price target for PLNT

Based on 8 analysts offering 12 month price targets for Planet Fitness Inc.
Min Forecast
$82.00-2.91%
Avg Forecast
$94.88+12.33%
Max Forecast
$115.00+36.16%

Should I buy or sell PLNT stock?

Based on 8 analysts offering ratings for Planet Fitness Inc.
Buy
Strong Buy
4 analysts 50%
Buy
1 analysts 12.5%
Hold
3 analysts 37.5%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

PLNT stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
Anonymous
Morgan Stanley
Strong BuyMaintains$101.00+19.58%2021-11-05
Jefferies
Top 5%
96
Strong BuyMaintains$115.00+36.16%2021-11-05
DA Davidson
Top 3%
98
Strong BuyMaintains$105.00+24.32%2021-11-05
Roth Capital
Top 10%
91
Strong BuyUpgrades$100.00+18.40%2021-08-16
Stifel Nicolaus
Top 23%
78
Strong BuyUpgrades$85.00+0.64%2021-08-03
Piper Sandler
Top 5%
96
HoldDowngrades$87.00+3.01%2021-04-22
JP Morgan
Top 16%
85
HoldMaintains$82.00-2.91%2021-04-12
Baird
Top 12%
89
BuyMaintains$100.00+18.40%2021-03-04
Cowen & Co.
Top 16%
85
HoldDowngrades$85.00+0.64%2021-03-04

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Forecast return on equity

Is PLNT forecast to generate an efficient return?
Company
-27.93%
Industry
127.91%
Market
46.47%
PLNT's Return on Equity is forecast to be low in 3 years (-27.93%); analysts are not confident in the firm's ability to efficiently generate return on equity
Forecast

Forecast return on assets

Is PLNT forecast to generate an efficient return on assets?
Company
9.46%
Industry
11.79%
PLNT is forecast to generate lower Return on Assets (9.46%) than the US Leisure industry average (11.79%)
Forecast

PLNT earnings per share forecast

What is PLNT's earnings per share in the next 3 years based on estimates from 11 analysts?
Avg 1 year Forecast
$0.73+30.36%
Avg 2 year Forecast
$1.57+180.36%
Avg 3 year Forecast
$2.13+280.36%
PLNT's earnings are forecast to grow at an exceptional rate of 64.57% per year
Forecast

PLNT revenue forecast

What is PLNT's revenue in the next 3 years based on estimates from 8 analysts?
Avg 1 year Forecast
$577.2M+7.45%
Avg 2 year Forecast
$770.7M+43.47%
Avg 3 year Forecast
$896.1M+66.83%
PLNT's revenue is forecast to grow at a rate of 18.17% per year, which is not exceptional
Forecast

PLNT earnings growth forecast

How is PLNT forecast to perform vs Leisure companies and vs the US market?
Company
64.57%
Industry
8.5%
Market
17.69%
PLNT's earnings are forecast to grow faster (64.57% per year) than the US Leisure industry average (8.5%)
Forecast
PLNT's earnings are forecast to grow faster (64.57% per year) than the US market average (17.69%)
Forecast
PLNT's earnings are forecast to grow faster (64.57% per year) than the risk-free savings rate (1.4%)
Forecast

PLNT revenue growth forecast

How is PLNT forecast to perform vs Leisure companies and vs the US market?
Company
18.17%
Industry
11.13%
Market
10.71%
PLNT's revenues are forecast to grow faster (18.17% per year) than the US Leisure industry average (11.13%)
Forecast
PLNT's revenues are forecast to grow faster (18.17% per year) than the US market average (10.71%)
Forecast

Planet Fitness Stock Forecast FAQ

Is Planet Fitness Stock a good buy in 2021, according to Wall Street analysts?

The consensus among 8 Wall Street analysts covering (NYSE: PLNT) stock is to Buy PLNT stock.

Out of 8 analysts, 4 (50%) are recommending PLNT as a Strong Buy, 1 (12.5%) are recommending PLNT as a Buy, 3 (37.5%) are recommending PLNT as a Hold, 0 (0%) are recommending PLNT as a Sell, and 0 (0%) are recommending PLNT as a Strong Sell.

What is PLNT's earnings growth forecast for 2021-2023?

(NYSE: PLNT) Planet Fitness's forecast annual earnings growth rate of 64.57% is forecast to beat the US Leisure industry's average forecast earnings growth rate of 8.5%, and and it is also forecast to beat the US market's average forecast earnings growth rate of 17.69%.

Planet Fitness's earnings in 2021 is $45,724,000.On average, 11 Wall Street analysts forecast PLNT's earnings for 2021 to be $63,223,576, with the lowest PLNT earnings forecast at $60,625,347, and the highest PLNT earnings forecast at $67,553,958. On average, 11 Wall Street analysts forecast PLNT's earnings for 2022 to be $135,973,993, with the lowest PLNT earnings forecast at $116,054,236, and the highest PLNT earnings forecast at $151,563,368.

In 2023, PLNT is forecast to generate $184,474,271 in earnings, with the lowest earnings forecast at $175,813,507 and the highest earnings forecast at $192,268,959.

What is PLNT's revenue growth forecast for 2021-2023?

(NYSE: PLNT) Planet Fitness's forecast annual revenue growth rate of 18.17% is forecast to beat the US Leisure industry's average forecast revenue growth rate of 11.13%, and and it is also forecast to beat the US market's average forecast revenue growth rate of 10.71%.

Planet Fitness's revenue in 2021 is $537,154,000.On average, 8 Wall Street analysts forecast PLNT's revenue for 2021 to be $49,987,937,255, with the lowest PLNT revenue forecast at $49,669,480,967, and the highest PLNT revenue forecast at $50,310,377,495. On average, 8 Wall Street analysts forecast PLNT's revenue for 2022 to be $66,746,082,363, with the lowest PLNT revenue forecast at $63,099,727,546, and the highest PLNT revenue forecast at $70,394,688,979.

In 2023, PLNT is forecast to generate $77,610,491,030 in revenue, with the lowest revenue forecast at $73,768,056,518 and the highest revenue forecast at $81,896,183,438.

What is PLNT's forecast return on assets (ROA) for 2021-2023?

(NYSE: PLNT) forecast ROA is 9.46%, which is lower than the forecast US Leisure industry average of 11.79%.

What is PLNT's Price Target?

According to 8 Wall Street analysts that have issued a 1 year PLNT price target, the average PLNT price target is $94.88, with the highest PLNT stock price forecast at $115.00 and the lowest PLNT stock price forecast at $82.00.

On average, Wall Street analysts predict that Planet Fitness's share price could stay at $94.88 by Nov 5, 2022. The average Planet Fitness stock price prediction forecasts a potential downside of N/A from the current PLNT share price of $84.46.

What is PLNT's Earnings Per Share (EPS) forecast for 2021-2023?

(NYSE: PLNT) Planet Fitness's current Earnings Per Share (EPS) is $0.56. On average, analysts forecast that PLNT's EPS will be $0.73 for 2021, with the lowest EPS forecast at $0.70, and the highest EPS forecast at $0.78. On average, analysts forecast that PLNT's EPS will be $1.57 for 2022, with the lowest EPS forecast at $1.34, and the highest EPS forecast at $1.75. In 2023, PLNT's EPS is forecast to hit $2.13 (min: $2.03, max: $2.22).

What is PLNT's forecast return on equity (ROE) for 2021-2023?

(NYSE: PLNT) forecast ROE is -27.93%, which is considered weak.
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