On Nov 01, major Wall Street analysts update their ratings for $Peloton Interactive (PTON.US)$, with price targets ranging from $7 to $11.
J.P. Morgan analyst Doug Anmuth maintains with a hold rating, and adjusts the target price from $5 to $7.
Needham analyst Bernie McTernan maintains with a hold rating.
Truist Financial analyst Youssef Squali maintains with a hold rating.
Roth MKM analyst George Kelly maintains with a buy rating, and adjusts the target price from $6 to $11.
JMP Securities analyst Andrew Boone maintains with a hold rating.
Furthermore, according to the comprehensive report, the opinions of $Peloton Interactive (PTON.US)$'s main analysts recently are as follows:
The company is on a path to accelerate its profitability more quickly than previously expected, and there appears to be potential for additional cost efficiencies in the short term. Nonetheless, given the diminishing number of subscribers, it is still uncertain how the company will achieve sustainable profitable growth over the long term.
The company is undertaking measures to align its costs with the existing revenue profile. Expense savings are becoming apparent more swiftly than anticipated, and the company is poised to achieve $200M in annualized savings from its restructuring efforts by the conclusion of fiscal 2025.
The company's results indicated an anticipated return to a 10% margin. An improved profit and cash flow forecast, along with the appointment of a CEO perceived as a strong hire, have helped to alleviate some uncertainties, bolstering market sentiment. Nonetheless, it is suggested that investors remain cautious about pursuing the stock in the short term.
Here are the latest investment ratings and price targets for $Peloton Interactive (PTON.US)$ from 6 analysts:
Note:
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