Telsey Advisory analyst Joe Feldman maintains $Peloton Interactive (PTON.US)$ with a hold rating, and adjusts the target price from $5 to $9.
According to TipRanks data, the analyst has a success rate of 56.6% and a total average return of 7.8% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Peloton Interactive (PTON.US)$'s main analysts recently are as follows:
The company is achieving a swifter profitability increase than expected, with potential for additional cost efficiencies in the near term. Nevertheless, given the diminishing subscriber numbers, the path to sustainable profitable growth for Peloton remains uncertain.
The company is making strides in aligning its costs with current revenue levels. Analysts note that expense reductions are happening more rapidly than anticipated, and the company is on a path to achieve $200 million in annual savings from its restructuring efforts by the end of the fiscal year 2025.
The company's recent results indicated a projected restoration to a 10% margin level. The improved profit and cash flow forecasts, along with the announcement of a new CEO, considered a positive addition, have reduced uncertainties and are favorably influencing market sentiment. However, it is advised not to pursue the stock in the immediate term.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
