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PTON

Peloton

$32.08

-0.02 (-0.06%)

10:05
12/12/19
12/12
10:05
12/12/19
10:05

Peloton named a new best idea short at Hedgeye, Bloomberg reports

Hedgeye named Peloton as a new best idea short and sees over 50% downside for the shares, Bloomberg reported.

PTON Peloton
$32.08

-0.02 (-0.06%)

12/10/19
OPCO
12/10/19
NO CHANGE
Target $38
OPCO
Outperform
Peloton price target raised to $38 from $29 at Oppenheimer
Oppenheimer analyst Jason Helfstein raised his price target for Peloton to $38 from $29, in line with peer valuations on gross profit, even though Peloton is anticipated to grow faster than peers. Helfstein tells investors in a research note that his bullishness is further supported by strong search trends, website traffic and improving customer satisfaction. Peloton also announced a 33% price reduction in its Digital Membership, which Helfstein says should be a positive catalyst to increase "top of the funnel" growth as 10% of Digital Members convert to Connected Fitness Subscribers.
12/12/19
UBSW
12/12/19
NO CHANGE
Target $40
UBSW
Buy
Peloton price target raised to $40 from $30 at UBS
UBS analyst Eric Sheridan raised his price target on Peloton to $40 and kept his Buy rating following his recent meetings with the company management this week. The analyst contends that Peloton's guidance and Street consensus may prove conservative in the holiday quarter amid increasing consumer adoption and brand awareness relative to the "large global addressable opportunity", growth in hardware offerings and subscribers with improving conversion thanks to the new Home Trial initiative, and the momentum in the company's international markets.
12/12/19
ARGS
12/12/19
INITIATION
Target $40
ARGS
Buy
Peloton initiated with a Buy at Argus
Argus analyst Jim Kelleher initiated coverage of Peloton with a Buy rating and $40 price target, citing its positive fundamentals and attractive valuation. The analyst notes that the company is benefiting from consumer trends offering "personal privacy and interactive technology", while the shares trade at a "discount" valuation relative to the peer group of "app economy" stocks based on the price/sales-to-revenue-growth multiple. Kelleher adds that the Google Trends data has Peloton surpassing searches for Planet Fitness.
12/12/19
STFL
12/12/19
NO CHANGE
STFL
Stifel lays out 'path to profits' for Peloton, Lyft, Uber, RealReal and Wayfair
Stifel analyst Scott Devitt said that "in the heat of the recent IPO cycle" investors had been focused on growth at all costs, but now the market pendulum has swung to "demand a clear path to profits for consumer internet companies." In his note to investors, Devitt laid out the "path to profits" he sees for the five recent IPOs that are caught in the "current storm" that he currently recommends with Buy ratings: Peloton (PTON), Lyft (LYFT), Uber (UBER), The RealReal (REAL), and Wayfair (W). On Peloton, he said he is bullish on the margin upside opportunity and the company's ability to achieve its FY24 EBITDA margin target due to underlying core profitability in U.S. Bikes, its rapid subscriber growth, and the company's "healthy" subscription unit economics. On Lyft, Devitt cited rapidly improving fundamentals and a more disciplined environment as reasons he is comfortable with the margin opportunity and the company's ability to achieve its 4Q:21 adjusted EBITDA profitability target. On Uber, he sees the path to profitability supported by modest expansion of Rides margin from the current 5% level along with some take rate improvement and efficiencies in sales and marketing. For RealReal, Devitt expects the company to modestly reduce inbound process costs through technology innovation and believes a long-term mid-20% adjusted EBITDA margin target "is attainable." On Wayfair, Devitt is comfortable with the company's 8%-10% adjusted EBITDA margin long-term target, but he is taking a more conservative approach to his margin trajectory and reduced his price target to $110 from $120. The analyst now expects breakeven for Wayfair in 2023.

TODAY'S FREE FLY STORIES

SPOT

Spotify

$148.20

-3.59 (-2.37%)

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CE

Celanese

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-0.53 (-0.45%)

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BYND

Beyond Meat

$109.20

-1.16 (-1.05%)

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DBD

Diebold

$11.09

-0.49 (-4.23%)

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IEF

iShares 7-10 Year Treasury Bond ETF

$111.28

-0.13 (-0.12%)

, SHY

iShares 1-3 Year Treasury Bond

$84.73

-0.005 (-0.01%)

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IEF

iShares 7-10 Year Treasury Bond ETF

$111.28

-0.13 (-0.12%)

SHY

iShares 1-3 Year Treasury Bond

$84.73

-0.005 (-0.01%)

SPY

SPDR S&P 500 ETF Trust

$331.98

1.08 (0.33%)

SLV

iShares Silver Trust

$16.82

0.04 (0.24%)

GLD

SPDR Gold Shares

$146.59

0.29 (0.20%)

FXE

Euro Currency Trust

$105.10

-0.43 (-0.41%)

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UBSFY

Ubisoft

$0.00

(0.00%)

17:32
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17:32
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Periodicals
Ubisoft to restructure editorial team after difficult 2019, VGC reports »

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IMVT

Immunovant

$17.04

-0.01 (-0.06%)

17:27
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Syndicate
Breaking Syndicate news story on Immunovant »

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TBLT

ToughBuilt

$0.33

-0.0255 (-7.11%)

17:20
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01/17
17:20
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17:20
Syndicate
ToughBuilt files to sell common stock, no amount given »

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MYO

Myomo

$0.32

0.0062 (1.98%)

17:18
01/17/20
01/17
17:18
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17:18
Conference/Events
Myomo to host special shareholder meeting »

Special Shareholder…

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  • 21

    Jan

SRRA

Sierra Oncology

$0.40

-0.02 (-4.76%)

17:14
01/17/20
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17:14
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Conference/Events
Sierra Oncology to host virtual special shareholder meeting »

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  • 21

    Jan

SRNE

Sorrento Therapeutics

$4.26

-0.15 (-3.40%)

17:10
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Breaking Syndicate news story on Sorrento Therapeutics »

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AKER

Akers Biosciences

$3.45

-0.1 (-2.82%)

17:01
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Akers Biosciences reaches settlement agreements on two derivative actions »

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ECA

Encana

$4.09

-0.18 (-4.22%)

16:40
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Encana receives court approval for reorganization »

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  • 29

    Jan

MBRX

Moleculin Biotech

$0.96

0.0122 (1.29%)

16:38
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Breaking Syndicate news story on Moleculin Biotech »

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VOD

Vodafone

$20.07

-0.225 (-1.11%)

, BT

BT Group

$0.00

(0.00%)

16:37
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Periodicals
BT, Vodafone consider urging PM Johnson not to ban Huawei in U.K., Reuters says »

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VOD

Vodafone

$20.07

-0.225 (-1.11%)

BT

BT Group

$0.00

(0.00%)

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16:30
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Options
Preliminary option volume of 28.7M today »

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NSCO

Nesco Holdings

$5.12

0.025 (0.49%)

16:26
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Nesco Holdings requests withdrawal of registration statement »

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GPS

Gap

$18.54

-0.075 (-0.40%)

, CMCSA

Comcast

$47.48

0.62 (1.32%)

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GPS

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$18.54

-0.075 (-0.40%)

CMCSA

Comcast

$47.48

0.62 (1.32%)

CMCSK

Comcast

$0.00

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PLAY

Dave & Buster's

$47.35

5.3 (12.60%)

KKR

KKR

$31.20

0.7 (2.30%)

BA

Boeing

$324.11

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JNJ

Johnson & Johnson

$149.07

0.82 (0.55%)

SWK

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$172.63

2.18 (1.28%)

TWOU

2U

$22.84

1.05 (4.82%)

BE

Bloom Energy

$9.70

0.43 (4.64%)

MGPI

MGP Ingredients

$38.16

-14.74 (-27.86%)

FAST

Fastenal

$36.77

-0.55 (-1.47%)

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  • 17

    Mar

APLS

Apellis

$40.43

0.03 (0.07%)

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

16:17
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$NYE

NYSE Market Internals

$0.00

(0.00%)

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16:15
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Treasury Market Summary »

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LGC

Legacy Acquisition Corp

$10.33

(0.00%)

16:08
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Legacy Acquisition Corp extends date to consummate proposed business combination »

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GNUS

Genius Brands

$0.33

-0.015 (-4.41%)

16:04
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Breaking Syndicate news story on Genius Brands »

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BBY

Best Buy

$90.21

1.28 (1.44%)

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Best Buy board opens investigation into CEO's personal conduct, WSJ says »

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