Peloton Interactive (PTON) PT Lowered to $25 at Needham & Company
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Where's the Floor? Stifel Downgrades Peloton (PTON) Stock to Hold, Others Find Risk-Reward Attractive
May 11, 2022 8:47 AM EDTPeloton (NASDAQ: PTON) stock fell 8.7% yesterday to close at $12.90, roughly 92% lower compared to the record high set in December 2020.
The latest drop came after the company offered a light forecast and said it raised $750 million in debt from Goldman Sachs and JPMorgan.
Stifel analyst Scott W. Devitt downgraded shares to Hold from Buy with a $14.00 per share price target today.
While we acknowledge that it is still early in the company's transition, visibility into the normalized growth rate of the business has yet to emerge.... More
