Morgan Stanley analyst Megan Alexander maintains $Life Time (LTH.US)$ with a hold rating, and adjusts the target price from $18 to $29.
According to TipRanks data, the analyst has a success rate of 50.0% and a total average return of 2.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Life Time (LTH.US)$'s main analysts recently are as follows:
Estimates for Life Time Group have been increased to reflect the company's preliminary results for the third quarter, which exceeded expectations. It is believed that this positive trend has carried on into the fourth quarter.
Life Time Group's Q3 pre-announcement suggests a robust quarter across the board, with indications that the company is executing its plans effectively. The outlook toward 2025 appears promising as well. Despite these positive aspects, the evaluation remains neutral based on the enterprise value to expected forward EBITDA multiple, which aligns with the historical average of the stock.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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