UBS Downgrades Peloton Interactive (PTON) to Sell; Risk/Reward Skewed to Downside

January 18, 2021 10:57 PM EST
Get Alerts PTON Hot Sheet
Price: $10.06 +0.30%

Rating Summary:
    19 Buy, 15 Hold, 2 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 0 | Down: 5 | New: 0
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(Updated - January 19, 2021 7:34 AM EST)

UBS analyst Eric Sheridan downgraded Peloton Interactive (NASDAQ: PTON) from Neutral to Sell with a price target of $124.00 (from $115.00).

The analyst comments "While we still think Peloton has a long term opportunity to disrupt traditional fitness business models, we downgrade it to Sell to risk/reward skewed to the downside from current levels. Additionally, we update our model to reflect the Precor acquisition (expected in close in early calendar year 2021) and lower our out-year revenue estimates (FY'23-'25) to reflect more normalized growth rates after COVID-19."

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 $165.25 yesterday.

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