Goldman Sachs Starts Life Time Group Holdings Inc (LTH) at Neutral

Goldman Sachs analyst Kate McShane initiates coverage on Life Time Group Holdings Inc (NYSE: LTH) with a Neutral rating and a price target of $23.00.

The analyst comments "We are initiating on LTH with a Neutral rating as we see it as a solid growth story tied to the recovery of on-site fitness membership and engagement post-pandemic, along with new unit growth. The company's long-term financial algorithm targets 10-15% in annual revenue growth, supported by 2.5-5.0% in SSS plus new unit growth. That said, we think the stock could be limited near-term given its elevated leverage, which remains above peers through 2023 per our model, along with the ongoing uncertainty tied to the cadence of the post-pandemic recovery as membership count and revenues remain below 2019 levels."

For an analyst ratings summary and ratings history on Life Time Group Holdings Inc click here. For more ratings news on Life Time Group Holdings Inc click here.

Shares of Life Time Group Holdings Inc closed at $17.34 yesterday.

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