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Peloton (PTON) is Less Bearish Than Stock's Performance Suggests, Medium/Long Term Outlook Remains Bright - Analysts
January 14, 2022 11:03 AM ESTShares of Peloton (NASDAQ: PTON) have fallen out of investors' favor over the past year - down around 80% from January 2021 highs - as the company has been battling slowing revenue growth due to COVID easing, product recalls, as well as some bad publicity.
Just last night, in another blow to the stock, Nasdaq announced it's dropping PTON from the Nasdaq-100 index.
Despite that, Truist Securities analyst Michael A. Swartz... More
