<p>Northland Securities 分析师 Owen Rickert 维持了对 LTH 股票的看涨态度，并在 12 月 16 日给予买入评级。</p>
<p>Owen Rickert 给予买入评级的原因是多种因素的结合，这些因素表明 Life Time Group Holdings 的基本面正在增强，长期前景吸引人。在与管理层会面后，他看到公司运营良好，随着公司战略的完善，运营和俱乐部层面的经济状况正在改善。管理层强调优化会员质量和结构，而不仅仅是最大化表面上的会员数量，这支持了每个会员和每个俱乐部的更高收入，Rickert 认为这是价值的关键驱动因素。</p>
<p>此外，Rickert 强调了向多用户和家庭会员的战略推动，尽管这些会员被视为单一会员，但却产生了显著更高的收入、参与度和俱乐部内消费，同时也显示出更强的留存率。他指出，新的俱乐部有意将会员基础目标设定在约 4,000 名会员，反映出更高的利用率和更好的会员体验，同时仍能比过去更快地实现吸引人的经济成果。这一转变意味着会员增长的原始数字放缓不应被解读为负面，因为基础收入生产力正在上升。综合来看，这些动态支撑了他对公司在 2026 年及以后发展轨迹的信心，支持他的买入建议。</p>
<p>在 12 月 16 日发布的另一份报告中，RBC Capital 也维持了对该股票的买入评级，并设定了 38.00 美元的目标价。</p>

<p>Northland Securities 分析师 Owen Rickert 维持对 Life Time Group Holdings (LTH) 的买入评级，理由是其基本面强劲且长期前景良好。该公司正在优化会员质量和俱乐部经济，专注于多用户和家庭会员，以实现更高的收入和客户留存率。新开的俱乐部针对较少的会员，以提供更好的体验和经济效益。RBC Capital 也维持买入评级，目标价为 38 美元</p>

<p>Northland Securities analyst Owen Rickert has maintained their bullish stance on LTH stock, giving a Buy rating on December 16.</p>
<div class="lb-trans"><p>Northland Securities 分析师 Owen Rickert 维持了对 LTH 股票的看涨态度，并在 12 月 16 日给予买入评级。</p>
</div><p>Owen Rickert has given his Buy rating due to a combination of factors that point to strengthening fundamentals and attractive long‑term prospects for Life Time Group Holdings. After meeting with management, he sees a business that is executing well, with operations and club‑level economics improving as the company refines its strategy. Management’s emphasis on optimizing membership quality and mix, rather than simply maximizing the headline membership count, supports higher revenue per membership and per club, which Rickert views as a key driver of value.</p>
<div class="lb-trans"><p>Owen Rickert 给予买入评级的原因是多种因素的结合，这些因素表明 Life Time Group Holdings 的基本面正在增强，长期前景吸引人。在与管理层会面后，他看到公司运营良好，随着公司战略的完善，运营和俱乐部层面的经济状况正在改善。管理层强调优化会员质量和结构，而不仅仅是最大化表面上的会员数量，这支持了每个会员和每个俱乐部的更高收入，Rickert 认为这是价值的关键驱动因素。</p>
</div><p>Additionally, Rickert highlights the strategic push toward multi-user and family memberships, which, although counted as a single membership, produce substantially greater revenue, engagement, and in‑club spending while also showing stronger retention. He notes that newer clubs are intentionally targeting a lower membership base of about 4,000 members, reflecting higher utilization and a better member experience, yet still achieving attractive economic outcomes more quickly than in the past. This shift means slower membership growth in raw numbers should not be interpreted as a negative, as the underlying revenue productivity is rising. Taken together, these dynamics underpin his confidence in the company’s trajectory into 2026 and beyond, supporting his Buy recommendation.</p>
<div class="lb-trans"><p>此外，Rickert 强调了向多用户和家庭会员的战略推动，尽管这些会员被视为单一会员，但却产生了显著更高的收入、参与度和俱乐部内消费，同时也显示出更强的留存率。他指出，新的俱乐部有意将会员基础目标设定在约 4,000 名会员，反映出更高的利用率和更好的会员体验，同时仍能比过去更快地实现吸引人的经济成果。这一转变意味着会员增长的原始数字放缓不应被解读为负面，因为基础收入生产力正在上升。综合来看，这些动态支撑了他对公司在 2026 年及以后发展轨迹的信心，支持他的买入建议。</p>
</div><p>In another report released on December 16, RBC Capital also maintained a Buy rating on the stock with a $38.00 price target.</p>
<div class="lb-trans"><p>在 12 月 16 日发布的另一份报告中，RBC Capital 也维持了对该股票的买入评级，并设定了 38.00 美元的目标价。</p>
</div>

Life Time Group Holdings：通过优化会员质量和俱乐部经济来推动长期买入的投资论点