Life Time Group shares rise after Morgan Stanley raises price target citing robust Q1 member engagement and revenue growth.
Morgan Stanley increased its price target for Life Time Group Holdings Inc (NYSE:LTH) to $39 from $38 on May 14, 2026, maintaining an Overweight rating. The firm highlighted strong Q1 member engagement and new disclosures around membership mix optimization to address pricing trend concerns.
Life Time reported Q1 adjusted EPS of 42 cents, beating the 38-cent consensus, while revenue reached $788.7M, slightly above the $787.24M estimate. Comparable center revenue grew 8.6% in the quarter. CEO Bahram Akradi noted continued business momentum and plans to open 12 to 14 new clubs in 2026.
The company also announced the acquisition of the Phoenix 10K race on May 6, 2026, marking a transition to new ownership while retaining the founder as ambassador.