From Yahoo Finance: 2025-04-01 14:53:00

Analyst Alexander Perry discusses the positive outlook for wellness companies, driven by increased wellness spending and healthier lifestyles among Gen Z and millennials. Data shows rising gym memberships and fitness spending. Younger generations allocate more budget to fitness. Non-alcoholic beverages and leisure activities like pickleball are on the rise.

Bank of America card data reveals a 7% year-over-year increase in fitness center spending, with Gen Z and millennials leading the charge. Healthy eating, recovery, and anti-aging trends are fueling the wellness sector’s growth. Interest in non-alcoholic beverages and fitness activities is surpassing traditional alternatives.

Wellness trends like cold plunges and red light therapy are gaining popularity, with pickleball participation up 46% year-over-year. Top wellness stock picks include LTH, PLNT, and SN. Life Time Group Holdings Inc. sees a price forecast increase due to strong membership demand. Planet Fitness Inc. reports accelerated same-store sales in Q1.

SharkNinja, Inc. expands its product line with the CryoGlow therapy mask, driving a $140 price forecast. SN is the top pick for wellness discretionary products. Analysts maintain positive ratings for wellness companies, with firms like DA Davidson, Morgan Stanley, and JP Morgan supporting the sector’s growth.

Read more: As Wellness Spending Hits New Highs, Analyst Backs These Stocks