Peloton (PTON) to Launch in Australia in H2 2021, Analysts See Expansion as a Sign of Supply Chain Improvement

Peloton Interactive (PTON) Australia Launch Details and BofA Securities Take

BofA Securities analyst Justin Post reiterated a Buy rating and $175.00 price target on Peloton Interactive (NASDAQ: PTON) after the company officially announced an Australia launch in the second half of 2021, expanding beyond the core U.S., Canada, Germany and U.K. markets. Peloton will... More

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Peloton (PTON) Climbs 9.5% Post-Market

Peloton (NASDAQ: PTON) Climbs 9.5% Post-Market

Peloton (PTON) Announces Expansion Into Australia

(Updated - March 8, 2021 4:36 PM EST)

Peloton (NASDAQ: PTON), the leading interactive fitness platform that pioneered connected, technology-enabled fitness, today announced plans to launch in Australia, marking the brand's entry to the Asia Pacific Region.

Founded in New York City, Peloton brings the energy and benefits of studio-style workouts to the comfort and convenience of home. An innovator at the nexus of fitness, technology and media, Peloton introduced its category-creating indoor Bike in 2014. Today, Peloton has a product portfolio that features two Bike options, two Tread options, as well as a robust Digital... More