Form 10-Q PELOTON INTERACTIVE, For: Mar 31
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Peloton Interactive (PTON) PT Lowered to $3.50 at Goldman Sachs
May 3, 2024 6:02 AM EDTGoldman Sachs analyst Eric Sheridan lowered the price target on Peloton Interactive (NASDAQ: PTON) to $3.50 (from $5.75) while maintaining a Neutral rating.
The analyst comments "Peloton's 3FQ24 earnings report reflected a few key themes: a) a continued overall muted demand environment for the category and dynamics around the companys go-to-market strategy driving near-term subscriber headwinds; b) Peloton... More
Telsey Comments on Peloton Interactive (PTON)
May 3, 2024 5:44 AM EDTTelsey analyst Dana Telsey reiterated a Market Perform rating and $4.00 price target on Peloton Interactive (NASDAQ: PTON).
The analyst comments "Peloton had two big announcements today in the form of the departure of CEO Barry McCarthy after just over two years in the role and a large $200MM restructuring program that will eliminate 15% of the company's global workforce. These announcements overshadowed a return to positive FCF and better-than-expected adjusted EBITDA in... More
Bernstein SocGen Group Downgrades Peloton Interactive (PTON) to Market Perform
May 3, 2024 5:15 AM EDTBernstein SocGen Group analyst Aneesha Sherman downgraded Peloton Interactive (NASDAQ: PTON) from Outperform to Market Perform with a price target of $3.80.
The analyst comments "The key question in the PTON investment thesis is: can this business ever grow again? New mgmt, cost-cuts... More
