Roth MKM lowered the firm’s price target on Peloton to $5 from $7 and keeps a Buy rating on the shares after its lower than expected Q3 revenue. It’ll be hard for the stock to work materially higher without a recovery in industry demand, and demand trends remain weak and unpredictable, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PTON:
- Peloton Announces Executive Leadership Transition and Strategy
- PTON Earnings: Peloton Plunges After CEO Steps Down; Layoffs Upcoming
- Peloton sees FY24 revenue $2.675B-$2.7B, consensus $2.71B
- Peloton reports Q3 revenue $717.7M, consensus $723.21M
- Peloton Interactive Unveils Restructuring for Enhanced Profitability