BMO Capital Reiterates Underperform Rating on Peloton Interactive (PTON)

October 28, 2020 7:05 AM EDT
Get Alerts PTON Hot Sheet
Price: $95.20 +0.69%

Rating Summary:
    24 Buy, 7 Hold, 2 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 16 | Down: 13 | New: 52
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BMO Capital analyst Simeon Siegel reiterated an Underperform rating and $33.00 price target on Peloton Interactive (NASDAQ: PTON) as a new PTON/Chase partnership offers up to $120/~25% off subscriptions.

Potential related member acquisition and how cost is shared remains unknown as PTON essentially discounts its subscription 25%, increasing Cost of Acquisition AND Retention as existing members save as well, likely driven by increasing competition.

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 $120.41 yesterday.

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