Planet Fitness (PLNT)

by | Nov 4, 2022 | Daily Trade Alerts

As we near 2023, keep an eye on Planet Fitness (PLNT).

The stock tends to run around this time of the year, as millions of us come up with resolutions to lose weight and exercise more. In fact, about 90% of us, according to Johns Hopkins Medicine, make a resolution to lose weight, diet, and exercise more, which usually ends in passing on the resolution until next year. Also, if you pull up a five-year chart of PLNT, you can see the stock makes its move in the last few weeks of the year.

In late September, JP Morgan said the selloff in PLNT created an attractive opportunity. Raymond James just added PLNT to its list of “Analyst Current Favorites.” And Piper Sandler just upgraded the stock to overweight from neutral with a price target of $70.

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