'No Pain, No Gain': Peloton (PTON) Plunges on Weak Earnings and Outlook, Analysts Lower Estimates But Remain Bullish

Citi Starts Peloton (PTON) at Neutral on Expectations Growth Will Moderate as COVID Fades

August 30, 2021 7:38 AM EDT

Citi analyst Jason Bazinet initiated the coverage of Peloton (NASDAQ: PTON) with a Neutral rating and a $105.00 per share price target.

Although positive on PTONs business model, the analyst expects the fading COVID environment to slow down growth as people return to gyms.

Peloton has a very attractive business model. We estimate a current... More

Citi Starts Peloton Interactive (PTON) at Neutral

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

Peloton Interactive (PTON) PT Lowered to $130 at Needham & Company

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

Peloton Interactive (PTON) Gross Margin Guidance Reduces EPS Below Consensus - Stifel

August 27, 2021 6:34 AM EDT

Stifel analyst Scott W. Devitt reiterated a Buy rating and $140.00 price target on Peloton Interactive (NASDAQ: PTON) after the company reported F4Q results ahead of estimates, while guidance for F1Q and FY22 was mixed relative to expectations. Total Revenue increased +54.3% y/y to $937mm in the quarter, also ahead of our $918mm (+51.2% y/y)... More

U.S. regulators probe Peloton over treadmill injuries

August 27, 2021 6:29 AM EDT

By Manas Mishra

(Reuters) -Peloton Interactive Inc said on Friday U.S. regulators were investigating the company, adding to the exercise bike maker's woes as it deals with a backlash over reports of accidents involving its treadmills.

The U.S. Department of Justice and the Department of Homeland Security have subpoenaed the company for documents and information over injuries from its exercise machines, the company said in a filing with the U.S. securities regulator https://bit.ly/38kFsf8.

... More

Peloton Interactive (PTON) $400 Price Cut Likely to Drive Marketshare - KeyBanc

August 27, 2021 6:28 AM EDT

KeyBanc analyst Edward Yruma reiterated an Overweight rating and $185.00 price target on Peloton Interactive (NASDAQ: PTON) after the company announced a reduction for the Bike price to $1,495 (Bike monthly now $39, $78 w/ sub).

The analyst stated "We view this as a critical inflection, with... More

Peloton Interactive (PTON) PT Lowered to $130 at Cowen

August 27, 2021 6:25 AM EDT

Cowen analyst John Blackledge lowered the price target on Peloton Interactive (NASDAQ: PTON) to $130.00 (from $135.00) while maintaining an Outperform rating.

The analyst commented, "PTON reported an F4Q beat with sub growth, rev, and EBITDA ahead, helped by return to normal... More

Peloton Interactive (PTON) PT Lowered to $148 at Credit Suisse

August 27, 2021 5:58 AM EDT

Credit Suisse analyst Kaumil S. Gajrawala lowered the price target on Peloton Interactive (NASDAQ: PTON) to $148.00 (from $151.00) while maintaining a Outperform rating.... More