Peloton (PTON) Stock Plummets 27% Following Q1 Miss and Lowered Outlook

Peloton Interactive (PTON) PT Lowered to $105 at Needham & Company

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

Peloton Interactive (PTON) PT Lowered to $100 at Cowen

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

Peloton Interactive (PTON) PT Lowered to $64 at Goldman Sachs

November 5, 2021 6:31 AM EDT

Goldman Sachs analyst Eric Sheridan lowered the price target on Peloton Interactive (NASDAQ: PTON) to $64.00 (from $110.00) while maintaining a Neutral rating.

The analyst commented, "The dominant theme of PTONs 1FQ22 earnings report was the downtick in its forward guidance as a mix of demand... More

Peloton (PTON) Stock Crashes Over 30% on a Big Miss Across the Board, Several Analysts Downgrade to Neutral, See Limited NT Upside

November 5, 2021 5:16 AM EDT

Shares of Peloton (NASDAQ: PTON) are down nearly 30% in pre-open Friday after the company delivered extremely poor FQ1 results and slashed guidance.

Peloton reported FQ1 EPS of ($1.25) to miss on the analyst estimate of ($1.07). Revenue for the quarter came in at $805.2 million versus the consensus estimate of $810.76 million.

As discussed last quarter, we anticipated fiscal 2022 would be a very challenging year to forecast, given unusual year-ago comparisons, demand uncertainty amidst re-opening economies, and widely-reported supply chain constraints and commodity cost pressures. Although we are pleased to have delivered first quarter results that... More

Stifel Downgrades Peloton Interactive (PTON) to Hold

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

Peloton shares sink as at-home exercise falls out of favor

November 4, 2021 4:12 PM EDT

By Abhijith Ganapavaram and Kannaki Deka

(Reuters) -Peloton Interactive Inc on Thursday slashed its full-year sales forecast by up to $1 billion, saying demand for its exercise bikes and treadmills was slowing faster than expected as people return to pre-pandemic habits.

Its shares dove 31% in extended trading, on course to wipe off about $8 billion from the market value of a company that was among the biggest corporate winners of last year's lockdowns.

... More

Peloton (PTON) Misses Q1 EPS by 18c, Cuts Q2 and FY Guidance

November 4, 2021 4:06 PM EDT

Peloton (NASDAQ: PTON) reported Q1 EPS of ($1.25), $0.18 worse than the analyst estimate of ($1.07). Revenue for the quarter came in at $805.2 million versus the consensus estimate of $810.76 million.

GUIDANCE:

Peloton sees Q2 2022 revenue of $1.1-1.2 billion, versus the consensus of $1.51... More