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Fly News Breaks for February 6, 2020
PTON
Feb 6, 2020 | 08:49 EDT
Canaccord analyst Michael Graham raised his price target on Peloton to $40 from $37 following strong Q2 results. The analyst noted its subscription upside was led by its logistics build-out, marked increase in advertising, and consumer friendly offerings. He also noted guidance was noticeably raised and he sees several tailwinds on the horizon including the potential for significant international growth and possible new fitness platforms. Graham reiterated his Buy rating on Peloton shares.
News For PTON From the Last 2 Days
PTON
Apr 25, 2024 | 13:50 EDT
Peloton call volume 5x normal on large rolldown in Dec. Shares little changed today near $3.02 (98% below covid-era highs above 167) with notable flow in the December term where a buyer paid 28c for 20k 7/10 call spreads on the PHLX floor. Trade history shows buyer of similar size in the 10 strike calls in late Feb, early March near $1.06 with shares nearly $1 higher.