BMO Capital Reiterates Market Perform Rating on Peloton Interactive (PTON)

BMO Capital analyst Simeon Siegel reiterated a Market Perform rating and $6.50 price target on Peloton Interactive (NASDAQ: PTON).

The analyst commented, "We recently hosted meetings with CFO Liz Coddington, Chief Content Officer Jennifer Cotter, Chief Product Officer Nick Caldwell, and Head of IR James Marsh as upbeat discussions balanced sustainable profits with ongoing perspectives on growth. Conversations touched on new/improved product adjacencies (i.e., Strength+), pricing, G&A, and other saving opportunities, instructors, the ongoing CEO search and efforts to broaden the brand’s reach. Let us know if you’d like to discuss the meetings’ details."

For an analyst ratings summary and ratings history on Peloton Interactive click here. For more ratings news on Peloton Interactive click here.

Shares of Peloton Interactive closed at $4.68 yesterday.

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