Peloton Interactive (PTON) PT Raised to $46 at Baird
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Peloton (PTON): 5 Analysts Discuss Management Changes, Restructuring, and M&A Potential
February 9, 2022 8:50 AM ESTPeloton (NASDAQ: PTON) is arguably the hottest topic among investors at the moment. Shares of the company are down nearly 90% off the all-time high before a relief rally has been staged on a potential M&A deal.
Moreover, the company announced that a senior tech executive Barry McCarthy will join as CEO, replacing founder John Foley. Capital expenditures will be slashed, including 2,800 corporate staff that is expected to leave.
Heres what 5 top Street analysts have to say about recent developments at Peloton.
Susquehannas Dana Telsey (Market Perform, $40): The... More
Peloton Interactive (PTON) PT Lowered to $56 at Canaccord Genuity
February 8, 2022 1:10 PM ESTCanaccord Genuity analyst Michael Graham lowered the price target on Peloton Interactive (NASDAQ: PTON) to $56.00 (from $85.00) while maintaining a Buy rating.
... MorePeloton (PTON) Extends Gain, Up 30%
February 8, 2022 12:01 PM ESTPeloton (NASDAQ: PTON) Extends Gain, Up 30%
Blue Apron (APRN) Mentioned as Positive Again at Citron Research
February 8, 2022 11:06 AM ESTBlue Apron (NYSE: APRN) Mentioned as Positive Again at Citron Research
Citron thinks Peloton (NASDAQ: PTON) should buy Blue Apron... MorePeloton (PTON) Strength Continues, Up 20%
February 8, 2022 10:37 AM ESTPeloton (NASDAQ: PTON) Strength Continues, Up 20%
Peloton (PTON) Extends Gain, Up 12.5%
February 8, 2022 9:52 AM ESTPeloton (NASDAQ: PTON) Extends Gain, Up 12.5%
Blackwells Capital Calls For Urgent Action at Peloton (PTON)
February 8, 2022 7:55 AM ESTBlackwells Capital LLC an alternative investment management firm that is a significant shareholder of Peloton Interactive, Inc. (Peloton or the Company) (NASDAQ: PTON), yesterday sent the Peloton Board of Directors a comprehensive presentation outlining the need for immediate change in leadership and demand for the Board of... More
Peloton (PTON) Pares Decline After Releasing Guidance, Announcing Cost Reductions and Management Changes
February 8, 2022 7:45 AM ESTPeloton (NASDAQ: PTON) Pares Decline After Releasing Guidance, Announcing Cost Reductions and Management Changes
Shares are still down 1.5% after earlier trading down 14%... More
Peloton (PTON) Releases Shareholder Letter
February 8, 2022 7:15 AM ESTPeloton (NASDAQ: PTON) updated its guidance in a letter to shareholders.
From the letter:
Q2 ending Connected Fitness Subscriptions grew 66% to 2.77 million and paid Digital Subscriptions grew 38% to 862 thousand; total Members grew to over 6.6 millionQ2 total revenue grew 6% to $1,133.9 millionQ2 Connected Fitness... MorePeloton (PTON) Sees FY Revenue of $3.7 to $3.8 Billion
February 8, 2022 7:10 AM ESTPeloton (NASDAQ: PTON) Sees FY Revenue of $3.7 to $3.8 Billion
(Consensus is for $4.26 billion)
Peloton (PTON) Announces Comprehensive Program to Reduce Costs and Drive Growth, Profitability, and Free Cash Flow
February 8, 2022 7:06 AM ESTPeloton Interactive, Inc. (NASDAQ: PTON) today announced a series of steps it is taking to position the business for long-term growth while establishing a clear path to consistent profitability and sustainable free cash flow. Once these actions are fully implemented, the company expects to achieve at least $800 million of annual run-rate cost savings through operating expense efficiencies and significant margin improvement in its Connected Fitness category. The company will also reduce its planned capital expenditures in 2022 by approximately $150 million. The restructuring program is expected to result in approximately $130 million in cash charges... More
Peloton (PTON) Announces Appointment of New Directors to the Board
February 8, 2022 7:02 AM ESTPeloton Interactive, Inc. (NASDAQ: PTON) today announced the appointment of two new directors to its Board: Angel L. Mendez, a proven supply chain leader at the intersection of software, technology, and industrial operations; and Jonathan Mildenhall, a globally recognized creative leader in marketing and advertising. Erik Blachford, who has served as a director since 2015, will step down from his role on the Board.
In addition, Barry McCarthy, Peloton's newly named CEO and... More
Peloton (PTON) Appoints Barry McCarthy as CEO
February 8, 2022 7:01 AM ESTPeloton Interactive, Inc. (NASDAQ: PTON) today announced the following leadership transitions:
Barry McCarthy, who has held senior leadership roles at Spotify and Netflix and is a longtime advisor and board member at public and private technology companies, has been appointed CEO and President of Peloton, effective on February 9, 2022. He will also join Peloton's Board of Directors.Peloton Co-Founder John Foley will become Executive Chair.William Lynch transitions from President of Peloton to a non-executive director on the Board.Karen Boone, Lead Independent... More
Baird Reminds Clients to Watch Peloton Interactive (PTON) Profitability In Midst of Buyout Hype, Deal Unlikely
February 8, 2022 6:54 AM ESTBaird analyst Jonathan Komp reiterated an Outperform rating on Peloton Interactive (NASDAQ: PTON).
The analyst comments "Following the close on Friday and over the weekend, multiple news agencies reported potential interest in Peloton from Amazon, Nike, and unnamed others. While Peloton could bring... More
Peloton (PTON) Extends Decline Pre-Open, Now Down 14%
February 8, 2022 6:27 AM ESTPeloton (NASDAQ: PTON) Extends Decline Pre-Open, Now Down 14%
... MorePeloton (PTON) Stock Drops on Management Changes, Major Business Overhaul; Could Signal Foley Won't Sell
February 8, 2022 5:25 AM ESTPeloton (NASDAQ: PTON) is in the process of a major business overhaul, according to a report in the Wall Street Journal.
Founder and CEO John Foley will transition to the role of Executive Chair while Barry McCarthy, the former CFO of Spotify and Netflix, will become the new CEO and President.
I have always thought there has to be a better CEO for Peloton than me, Foley told WSJ. Barry is more perfectly suited... More
