Peloton (PTON) Stock Crashes 25% on Report It Is Halting Production Amid 'Significant Reduction' in Demand
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Peloton Interactive (PTON) PT Lowered to $30 at Telsey
January 21, 2022 7:14 AM ESTTelsey analyst Dana Telsey lowered the price target on Peloton Interactive (NASDAQ: PTON) to $30.00 (from $70.00) while maintaining a Outperform rating.
... MorePeloton Interactive (PTON) PT Lowered to $50 at Needham & Company
January 21, 2022 7:13 AM ESTNeedham & Company analyst Bernie McTernan lowered the price target on Peloton Interactive (NASDAQ: PTON) to $50.00 (from $105.00) while maintaining a Buy rating.
The analyst commented, "Following a report by CNBC on production cuts and lower than expected reported subs we are substantially... More
Peloton (PTON) Shares Recover Some Losses in Pre Market After Sharing Preliminary FQ2 Results, Stifel Upgrades to Buy as 'Stock Has Over Corrected'
January 21, 2022 6:57 AM ESTShares of Peloton (NASDAQ: PTON) are up 6.5% in pre-market Friday after the company released preliminary FQ2 results to soften the impact of the reported halt in the equipment production.
CNBC reported yesterday that the fitness company is halting production for 2 months as it is experiencing weak demand for its products. Inventory levels are high and Peloton is now focused on cutting costs, the report said.
CEO John Foley denied that they are halting production but rather said that the company is taking action to improve costs and right-size production.
Peloton... More
Peloton (PTON) Reports Prelim Q2 Revenue of $1.14B, Adjusted EBITDA of $(270M)-$(260M)
January 21, 2022 5:14 AM ESTPeloton Interactive, Inc. (Nasdaq: PTON) provided a business update today and reported preliminary results for its second quarter Fiscal 2022 ended December 31, 2021.
Total Revenue of approximately $1.14 billion, versus previously provided guidance of $1.1 billion to $1.2 billionEnding Connected Fitness Subscriptions of approximately 2.77 million, versus previously provided guidance of 2.8 million to 2.85 millionAverage Net Monthly Connected Fitness Churn of 0.79%Adjusted EBITDA in a range of $(270) million to $(260) million, versus previously provided guidance of $(350) million to $(325) million"As we discussed last quarter, we are taking significant corrective actions to improve our... More
Peloton (PTON) Warns for Q2 But Stock Rallies After-Hours as Worst Case Avoided
January 20, 2022 8:27 PM ESTPeloton Interactive, Inc. (Nasdaq: PTON) provided a business update today and reported preliminary results for its second quarter Fiscal 2022 ended December 31, 2021.
Total Revenue of approximately $1.14 billion, versus previously provided guidance of $1.1 billion to $1.2 billion (*** consensus is $1.15 billion)Ending Connected Fitness Subscriptions of approximately 2.77 million, versus previously provided guidance of 2.8 million to... MorePeloton (PTON) Delays Ohio Factory Opening Due to Supply Glut - NYP
January 20, 2022 4:18 PM ESTPeloton (NASDAQ: PTON) will delay opening a $400 million U.S factory due to slumping demand, the New York Post reported.
The Troy Township, Ohio plant will now open in 2024 versus 2023, the report said.
Earlier today,... More
Peloton (PTON) delays opening of $400 million US factory as demand tanks - New York Post
January 20, 2022 4:05 PM ESTPeloton (NASDAQ: PTON) delays opening of $400 million US factory as demand tanks - New York Post
... MoreAffirm Holdings (AFRM) Weaker on Peloton Woes
January 20, 2022 12:56 PM ESTAffirm Holdings (NASDAQ: AFRM) falls on Peloton (NASDAQ: PTON) demand weakness, production halt. Peloton is a large customer of Affirm. Shares down 2.6%.
... Morelululemon athletica (LULU) Falls Amid Peloton Weakness
January 20, 2022 12:54 PM ESTlululemon athletica (NASDAQ: LULU) is seeing downside with Peloton (NASDAQ: PTON). LULU owns the Mirror fitness device. Shares down 0.5%.
... MoreBlue Apron (APRN) Soars 18% After Citron Research Says Share Price is 'Too Low to Ignore', Sees Peloton (PTON) as a Natural Buyer
January 20, 2022 11:51 AM ESTBlue Apron (NYSE: APRN) stock price is up over 18% in todays trading session after Citron Research issued a positive note on the company.
Blue Apron, an ingredient-and-recipe meal kit company, is cheap and undervalued, according to Citron Research.
Citron acknowledges that Hello Fresh has become the dominant brand in meal kits but that is reflected in HelloFresh having a >$10 billion valuation today vs. APRN at $160 million. Yet, APRN has superior unit economics when... More
