Jim Cramer Answers If the Market Has Bottomed and Weighs In On 11 Stocks

3. Planet Fitness, Inc. (NYSE:PLNT)

Number of Hedge Fund Holders: 41

A viewer asked whether Planet Fitness, Inc. (NYSE:PLNT) could benefit from consumers switching away from expensive gyms. Cramer responded positively, pointing to better-than-expected performance and recent analyst upgrades. Here’s his input:

“You know I do a memo each morning where I do uh the 10 things that I’m looking at and it starts with a list of about 25 things. The only positive numbers I saw, the only raising price target that I saw today was Planet Fitness, so I took a look at it they’re doing better than expected. I think you have a winner.”

Jim Cramer has been slowly raising his optimism on Planet Fitness, Inc. (NYSE:PLNT). Here’s what he said last month:

“By the way, Planet Fitness had good numbers.”