In this article S ROST PLNT Follow your favorite stocks CREATE FREE ACCOUNT In an aerial view, customers leave a Planet Fitness gym on May 09, 2024 in Richmond, California. Justin Sullivan | Getty Images September started on a rough note for the U.S.
stock market, with certain economic readings showing signs of weakness. Ignoring the near-term noise, investors looking for stock picks can consider the recommendations of top Wall Street analysts. These experts conduct research and assess the ability of a company to navigate headwinds and deliver growth over the long term.
Bearing that in mind, here are three stocks favored by the Street's top pros , according to TipRanks, a platform that ranks analysts based on their past performance. Planet Fitness This week's first pick is Planet Fitness ( PLNT ), a franchisor and operator of over 2,600 fitness centers. The company recently reported better-than-expected results for the second quarter and reiterated its full-year guidance.
Management attributed the Q2 performance to the strength of the company's asset-light franchise model. Recently, Baird analyst Jonathan Komp reaffirmed a buy rating on PLNT stock with a price target of $92. The analyst assigned the stock a new "Bullish Fresh Pick" designation, as he is optimistic about the company's initiatives under the new leadership and other growth drivers.
The analyst noted that management has made efforts to enhance return on invested capital for new units through higher pricing, reduc.