Planet Fitness Stock Has Faltered. Why This Is a Good Time to Buy Shares, One Analyst Says.
Planet Fitness stock was rising Tuesday after a J.P. Morgan analyst upgraded his rating on the gym stock. Rahul Krotthapalli upgraded shares of Planet Fitness to Overweight from Neutral on Tuesday and increased his price target to $78 from $68. Krotthapalli wrote in a research note that his upgrade was driven by “increased confidence in Planet Fitness’ long term growth trajectory.”