Peloton slumps after first-quarter forecasts miss estimates

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Go back to Peloton slumps after first-quarter forecasts miss estimates

Peloton Interactive (PTON) PT Lowered to $9 at Roth/MKM, 'Another Messy Quarter; NT Demand Outlook Remains Unclear'

August 24, 2023 5:57 AM EDT

Roth/MKM analyst George Kelly lowered the price target on Peloton Interactive (NASDAQ: PTON) to $9.00 (from $11.00) while maintaining a Buy rating.

The analyst comments "PTON's 4Q23 report showed continued consumer demand challenges and one-time issues that negatively impacted revenue growth and... More

Peloton Interactive (PTON) PT Lowered to $8 at BMO Capital

August 23, 2023 5:13 PM EDT

BMO Capital analyst Simeon Siegel lowered the price target on Peloton Interactive (NASDAQ: PTON) to $8.00 (from $9.50) while maintaining a Market Perform rating.

The analyst commented, "4Q was yet another disappointing quarter. As weve highlighted for some time, we fear growing churn, slipping engagement, and... More

Peloton Interactive (PTON) PT Lowered to $9 at Barclays

August 23, 2023 4:35 PM EDT

Barclays analyst Mario Lu lowered the price target on Peloton Interactive (NASDAQ: PTON) to $9.00 (from $17.00) while maintaining a Overweight rating.

The analyst commented, "Despite a large pullback in PTON shares today, FCF and Connected Fitness gross margin excluding one-time charges... More