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: $100.92 +0.19%

Rating Summary:
    24 Buy, 7 Hold, 2 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 11 | Down: 8 | New: 46
Trade Now! 
Join SI Premium – FREE

(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.


You May Also Be Interested In





Related Categories

Analyst Comments, Analyst PT Change, Downgrades, Hot Comments, Hot Downgrades

Related Entities

UBS, Definitive Agreement