Peloton shares sink as at-home exercise falls out of favor
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November 5, 2021 7:35 AM EDT
Needham & Company analyst Bernie McTernan lowered the price target on Peloton Interactive (NASDAQ: PTON) to $105.00 (from $130.00) while maintaining a Buy rating.
The analyst commented, "We reiterate our Buy rating and lower our target to $105 primarily driven by a lower target multiple... More
November 5, 2021 6:48 AM EDT
Cowen analyst John Blackledge lowered the price target on Peloton Interactive (NASDAQ: PTON) to $100.00 (from $130.00) while maintaining an Outperform rating.
The analyst commented, "PTON reported solid F1Q22 results, as net adds beat while rev was in line & EBITDA was a... More
November 5, 2021 4:21 AM EDT
Stifel analyst Scott Devitt downgraded Peloton Interactive (NASDAQ: PTON) from Buy to Hold with a price target of $70.00 (from $120.00).
The analyst comments "We are lowering our rating to Hold following the rapid deterioration in the companys full year outlook, which was initially provided last... More
November 4, 2021 5:48 PM EDT
Peloton (NASDAQ: PTON) shares were trading more than 27% lower after-hours following the companys reported Q1 results, with EPS coming in at ($1.25), worse than the consensus estimate of ($1.07). Quarterly revenue grew just 6% to $805.2 million, compared to the consensus estimate of $810.76 million.
The... More
