Schaeffer's Top Stock Picks for '25

More Bull Notes for these 2 Growth Stocks

Planet Fitness stock is no stranger to bull notes

May 7, 2019 at 10:13 AM
facebook X logo linkedin


Two growth stocks receiving positive analyst attention on Wall Street this morning are streaming technology expert Roku Inc (NASDAQ:ROKU) and low-cost gym operator Planet Fitness Inc (NYSE:PLNT). A brief breakdown of the bull notes on the shares of ROKU and PLNT is below.

ROKU was started with an "overweight" designation at Stephens, along with an $84 price target. The brokerage firm suggested the stock could stay volatile for a while, but sees the potential for it to triple or even quintuple in value in the coming years. Stephens likes Roku's "capital-light" position in the streaming video market and believes it can grow its user count in a meaningful way.

This update comes ahead of the company's post-close earnings release tomorrow, May 8. The company has reported earnings six times since going public back in 2017, and recent releases have sparked extreme volatility. In the last three quarters, the shares have swung at least 21% in either direction, and this time the options market is pricing in a roughly 22% move for Thursday's post-earnings session. Roku stock is trading down 0.2% at $65.58 this morning, but is up nearly 112.9% this year. 

PLNT's bull note came from Macquarie, which upgraded its stance to "outperform" from "neutral" with an $85 price target. This follows an earnings sell-off last week that found familiar support at the 50-day moving average and was deemed a buying opportunity by another analyst.

Still, Planet Fitness stock is slightly lower this morning, last seen at $73.10. Interestingly, the shares' all-time high, reached on April 29, is $77.34, almost exactly in line with the average analyst price target of $77.33. The vast majority of firms in coverage on the security have "strong buy" ratings.
 
 

You have the chance to join one of Bernie's most exclusive programs, complete access at HUGE savings!

As we prepare for a new administration to take the reins in Washington, the near-term market landscape is rife with uncertainty.

The Federal Reserve has already hinted at the turbulence ahead, lowering its interest rate outlook for 2025.

Meanwhile, breakthroughs in artificial intelligence (AI), quantum computing, and other transformative sectors have unlocked incredible profit potential.

But these opportunities are fleeting, and timing is everything. That's where Quick-Hit Trader comes in.

Quick-Hit Trader is designed for precision and speed, getting you in and out of the market in a flash. While other investors scramble to navigate volatile conditions, you'll have access to expertly curated trades that leverage these rapid shifts to deliver explosive profits in short order.

This is your chance to capitalize on the fast-moving market like never before. Are you ready to make your move?

 

 

(function(doc, script) { var js, fjs = doc.getElementsByTagName(script)[0], frag = doc.createDocumentFragment(), add = function(url, id) { if (doc.getElementById(id)) {return;} js = doc.createElement(script); js.src = url; id && (js.id = id); frag.appendChild( js ); }; // Google+ button //add('https://apis.google.com/js/platform.js', async="defer"); // Facebook SDK add('//connect.facebook.net/en_US/all.js#xfbml=1&appId=772755279557744', 'facebook-jssdk'); // Twitter SDK //add('//platform.twitter.com/widgets.js', charset='utf-8'); fjs.parentNode.insertBefore(frag, fjs); }(document, 'script'));