Peloton Interactive (PTON) PT Raised to $19 at BofA Securities
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A 150% rally in Peloton (PTON) off lows prompts analysts to downgrade stock
February 2, 2023 8:43 AM ESTPeloton (NASDAQ: PTON) soared nearly 27% yesterday to hit the highest levels since last May after investors reflected positively on the fitness companys fiscal second-quarter report.
Peloton posted a smaller-than-expected loss per share while revenue exceeded expectations. Even more positively, the company generated around $8 million in free cash flow when excluding vendor payments. As a result, Peloton offered a better-than-expected forecast... More
