Mizuho raises Life Time Group stock target to $38

Published 25/01/2025, 01:18 am
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Friday - Mizuho (NYSE:MFG) Securities has increased its price target on Life Time Group Holdings Inc (NYSE:LTH) shares from $32.00 to $38.00 while maintaining an Outperform rating. The stock, currently trading at $28.58, has demonstrated remarkable momentum with a 107.4% return over the past year and a 29.2% gain year-to-date. Mizuho's analyst points to the company's positive preannouncements for the fourth quarter and full year 2025 as evidence of Life Time Group's growing momentum. This momentum is attributed to the company's investments in club programming and the digital app, which are believed to enhance Life Time Group's competitive edge and recurring revenue model.InvestingPro data reveals 14 additional investment insights for Life Time Group, including key metrics on valuation, growth, and financial health. Subscribers gain access to comprehensive analysis through the Pro Research Report, offering deep-dive analysis of what really matters for smarter investment decisions.

The analyst highlights Life Time Group's differentiation from other health and wellness companies, citing its lack of exposure to commodity raw material volatility and the limited appeal of low-priced competition. This differentiation is seen as a key factor in Life Time Group's favor compared to companies that face challenges such as foreign supply chain complexity or reliance on volatile commodities. The company maintains a healthy gross profit margin of 46.9% and has achieved an 18.1% revenue growth in the last twelve months.

Life Time Group's expected financial performance has led Mizuho to revise its EBITDA estimates upward, with forecasts for fiscal year 2024 increasing to $675 million from $661 million, and for fiscal year 2025 to $777 million from $730 million. The new 12-month price target of $38.00 is based on 17 times the estimated EBITDA for calendar year 2025.

The analyst acknowledges that some investors may be concerned about the possibility of a secondary offering of Life Time Group's shares. However, historical performance following the last offering in August suggests that the stock is resilient, having recovered from the offering's impact in just six trading days. Based on InvestingPro Fair Value analysis, the stock appears overvalued at current levels, trading at a P/E ratio of 34.8x and an EV/EBITDA multiple of 16.5x. The recommendation is to buy into any potential weakness in Life Time Group's stock, signaling confidence in the company's ability to perform well in the market.

In other recent news, Life Time Group Holdings Inc. has been in the spotlight following robust fourth-quarter earnings and a promising outlook for 2025. The company reported significant revenue growth of 18.12% over the last twelve months, reaching $2.52 billion, attributed to a 12% increase in per-member spend. Life Time Group's EBITDA margin has improved, stabilizing at 26%, and the updated guidance for 2025 suggests deployable cash is on track to approach $400 million.

Analysts from various firms have responded positively to these developments. Oppenheimer raised Life Time Group's stock target to $43, Craig-Hallum increased its price target from $33.00 to $40.00, RBC Capital revised the stock target to $31 from $27, and Guggenheim adjusted the stock price target to $32.00, up from the previous $29.00.

Looking ahead, Life Time anticipates total revenue to climb 12.2% to $2,910-$2,970 million in 2025, significantly above the $2,800 million analyst consensus. These recent developments underscore the company's potential for significant growth over the next decade and reflect strong market confidence in Life Time Group's growth strategy and its ability to execute on its expansion plans.

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