U.S. regulators probe Peloton over treadmill injuries
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August 30, 2021 6:27 AM EDT
Citi analyst Jason Bazinet initiates coverage on Peloton Interactive (NASDAQ: PTON) with a Neutral rating and a price target of $105.00.
The analyst comments "We regressed quarterly gross adds versus COVID and US stimulus checks (R2 is 0.87). Stimulus helped gross adds by... More
August 27, 2021 7:01 AM EDT
Needham & Company analyst Bernie McTernan lowered the price target on Peloton Interactive (NASDAQ: PTON) to $130.00 (from $135.00) while maintaining a Buy rating following earnings.
The analyst commented, "Lots of moving pieces coming out of 4Q earnings but our broader thesis on shares in... More
August 27, 2021 6:41 AM EDT
Shares of Peloton (NASDAQ: PTON) are down 10% in early Friday trading after the connected fitness company presented disappointing FQ4 results and outlook.
Peloton said it made a Q4 EPS loss of $1.05, much worse than the analyst estimate of a loss of $0.44. Revenue for the quarter came in at $937 million versus the consensus estimate of $921.66 million.
The past year represented an inflection point for the connected fitness industry, with significant increases in awareness and demand following the onset of the COVID-19 pandemic. As we have discussed in the past, this... More
