Peloton appoints former Apple executive Peter Stern as CEO to steer turnaround

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Peloton Interactive (PTON) PT Raised 84pct to $9 at Macquarie

November 1, 2024 10:34 AM EDT

Macquarie analyst Paul Golding raised the price target on Peloton Interactive (NASDAQ: PTON) to $9.00 (from $4.90) while maintaining a Neutral rating.

The analyst comments "1Q beat to guide and market expectations driven by revs and margin. Continued cost focus sees FY25 EBITDA guide raised ~18% (midpt).... More