What exactly did Piper Sandler change in their PLNT analyst rating?

Piper Sandler downgraded Planet Fitness (PLNT) from **Overweight** to **Neutral** on **Feb 27, 2026**. The firm cited valuation and near-term growth concerns and did not publish a new price target in the public note.

How did the market react to the PLNT analyst rating change?

After the downgrade, PLNT traded about **+2.06% (+$1.69)** relative to the report snapshot. The move shows mixed investor views and support from other analysts such as Jefferies.

Does the PLNT analyst rating change include a new price target?

Piper Sandler’s downgrade to Neutral did not include a public price target. Investors should watch for follow-up notes and other firms' targets to gauge consensus.

How should I use the PLNT analyst rating in my investing decisions?

Use the PLNT analyst rating as one input. Review membership trends, cash flow, and company guidance. Adjust position size to your risk tolerance and time horizon.

Analyst Ratings

Piper Sandler downgrades Planet Fitness (PLNT) Overweight→Neutral Feb 27, 2026

ByHuzaifa Zahoor February 28, 2026February 28, 2026

Piper Sandler downgraded Planet Fitness, Inc. (PLNT) from Overweight to Neutral on February 27, 2026. The PLNT analyst rating change narrows the firm’s bullish stance and signals a more cautious near-term outlook. We view this downgrade as a recalibration, not a full sell signal. Piper Sandler cited valuation and near-term growth uncertainty in their note. The downgrade comes while other brokers, including Jefferies, publicly defended the stock source.