$BFIT.NV (Basic-Fit N.V) is surging today after UBS upgraded the stock from Neutral to Buy and raised the price target from €23.5 to €43.5.
Their thesis is that investors are undervaluing three key drivers:
1. The earnings and return uplift as club openings slow and the existing base matures,
2. The strategic and financial upside in Germany following the Clever Fit acquisition.
3. The franchise model, which could significantly improve profitability with much lower capital intensity compared to owned clubs.
I don’t disagree with any of these points, they are all valid and have been part of the investment case for some time.
The question is: why now?
Why was the price target still at €23.5 right after the CMD, if these drivers were already visible?... Show More
Not investment advice. The author may have financial interests in the mentioned instruments.
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