2021-08-27 06:29:50 PTON Peloton
08/27/21 08/2706:29 08/27/2106:29 | Peloton price target lowered to $148 from $151 at Credit SuisseCredit Suisse analyst Kaumil Gajrawala lowered the firm's price target on Peloton to $148 from $151 but keeps an Outperform rating on the shares after its Q4 earnings miss. The company ended FY21 with sales and subscriber count that were in line with estimates, but while FY22 opens with "tough" comps and re-opening uncertainty, Peloton's past investments put it in position to "deliver", the analyst tells investors in a research note. Bike price reductions also broadens the appeal and significantly expands their addressable market while keeping organic demand high, Gajrawala tells investors in a research note. |
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