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01/31/23 Sysco making 'solid' progress on CFO search 01/31/23 Sysco: 'Strong' start to January volume performance 12/21/22 Guest Supply, Innvision Hospitality partner for interior design services 12/19/22 Cardinal Health announces Aaron Alt as chief financial officer 02/01/23 Silicon Labs reports Q4 non-GAAP EPS $1.31, consensus 98c 11/01/22 Silicon Labs board authorizes additional $50M to existing buyback program 09/28/22 Silicon Labs expands in India with new office in Hyderabad 08/29/22 Silicon Labs board of directors authorizes additional $200M share repurchase $342.00 / -15.03 (-4.21%)
01/05/23 Everest Re names Srini Maddineni chief information officer 10/19/22 Everest Re estimates pre-tax net catastrophe losses of $730M for Q3 02/01/23 Peloton not forecasting spike in churn rate 02/01/23 Peloton still sees revenue for the year to resemble seasonality of FY22 02/01/23 Peloton: Precor meets significant need in commercial marketplace 02/01/23 Peloton CEO says generated more revenue from subscriptions vs. hardware sales 01/04/23 OptimizeRx CEO issues open letter to shareholders 10/11/22 OptimizeRx announces results from program with its AI/RWE technology 09/20/22 OptimizeRx extends exclusive partnership with Therapy Brands 08/23/22 OptimizeRx CEO buys $251K in common stock 02/02/23 Okta jumps 6% to $80.69 after announcing restructuring plan 02/02/23 Okta announces restructuring plan, to cut 300 employees 01/12/23 Okta says there will be some disruption from sales leadership changes 01/12/23 authID integrates Verified CloudConnect with Okta Workforce Identity Cloud 02/01/23 Match Group expects to reduce global workforce by 8% in aggregate 01/26/23 Match Group names executive leadership team 12/13/22 Match Group up 8% after Bloomberg report on Apple App store plans 11/20/22 Fly Intel: Top five weekend stock stories $182.35 / +29.25 (+19.11%)
02/01/23 Meta cuts FY23 total expenses view to $89B-$95B from $94B-$100B 02/01/23 Meta says 2023 will be 'a year of efficiency' 02/01/23 Meta Platforms announces $40B increase in share repurchase authorization 02/01/23 Meta Platforms reports FoA and RL segment restructuring charges 01/12/23 First Solar completes sale of 141 MW Luz del Norte power plant to Toesca 12/19/22 First Solar to replace Fortune Brands in S&P 500 at open on 12/19 12/19/22 Fortune Brands Innovations to replace First Solar in S&P 400 at open on 12/19 12/15/22 First Solar enters agreement to supply 1.6 GW of its modules to National Grid 12/23/22 FedEx warns potential delays possible for packages due Dec. 23 and 24 12/20/22 FedEx says drop in volume accelerated through Q2 12/20/22 FedEx remains confident in high capture rate 12/20/22 FedEx says Ground service now back to pre-pandemic levels 12/16/22 Darden reports Q2 blended same-restaurant sales increase of 7.3% 09/22/22 Darden reports Q1 blended same-restaurant sales increase of 4.2% 09/22/22 Darden reports Q1 blended same-restaurant sales increase of 4.2% $354.50 / +72.41 (+25.67%)
02/01/23 Align Technology board authorizes $1B buyback to succeed current program 10/31/22 Align Technology CEO Joe Hogan to purchase additional $2M of common stock 10/31/22 Align Technology announces $200M accelerated share repurchase agreement 10/26/22 Align Technology falls 20% to $177.50 after Q3 results misses estimates $182.35 / +29.25 (+19.11%)
02/02/23 Deutsche Bank Meta Platforms price target raised to $200 from $125 at Deutsche Bank 02/02/23 RBC Capital Meta Platforms price target raised to $225 from $160 at RBC Capital 02/02/23 Needham Meta Platforms reported fundamentals still deteriorating, says Needham 02/02/23 Jefferies Meta Platforms price target raised to $225 from $175 at Jefferies $354.50 / +72.41 (+25.67%)
02/02/23 Evercore ISI Align Technology price target raised to $375 from $230 at Evercore ISI 02/02/23 Stifel Align Technology price target raised to $375 from $265 at Stifel 02/02/23 Goldman Sachs Goldman ups Align Technology to Neutral on more confidence in near-term demand 02/02/23 Goldman Sachs Align Technology upgraded to Neutral from Sell at Goldman Sachs 02/02/23 BofA FedEx upgraded to Buy from Neutral at BofA 02/02/23 BofA FedEx upgraded to Buy from Neutral at BofA 02/02/23 Citi FedEx upgraded to Buy from Neutral at Citi 02/01/23 Morgan Stanley Buy with Prime could be $3.5B-plus EBIT business for Amazon, says Morgan Stanley 02/02/23 Needham Okta upgraded to Buy from Hold at Needham 01/30/23 Stifel Okta upgraded to Buy from Hold at Stifel 01/24/23 JPMorgan Okta initiated with an Overweight at JPMorgan 01/23/23 Deutsche Bank Okta price target raised to $90 from $80 at Deutsche Bank 02/02/23 Cowen Silicon Labs price target raised to $200 from $175 at Cowen 02/02/23 Wells Fargo Silicon Labs price target raised to $190 from $155 at Wells Fargo 02/02/23 Summit Insights Silicon Labs upgraded to Buy on return to growth at Summit Insights 02/01/23 Summit Insights Silicon Labs upgraded to Buy from Hold at Summit Insights 02/02/23 Deutsche Bank Match Group price target lowered to $60 from $65 at Deutsche Bank 02/02/23 Cowen Match Group price target lowered to $74 from $80 at Cowen 02/02/23 Citi Match Group price target lowered to $54 from $55 at Citi 02/02/23 Oppenheimer Oppenheimer downgrades 'show me story' Match Group to Perform 02/02/23 BofA First Solar downgraded to Neutral at BofA with IRA now priced in 02/02/23 BofA First Solar downgraded to Neutral from Buy at BofA 01/18/23 Susquehanna First Solar price target raised to $225 from $175 at Susquehanna 01/17/23 KeyBanc First Solar price target raised to $201 from $175 at KeyBanc 02/02/23 Argus Argus cuts Sysco to Hold amid rising product and labor costs 02/02/23 Argus Sysco downgraded to Hold from Buy at Argus 02/01/23 BMO Capital Sysco price target lowered to $90 from $96 at BMO Capital 02/01/23 Barclays Sysco price target lowered to $87 from $92 at Barclays 02/02/23 Needham Peloton price target raised to $20 from $14 at Needham 02/02/23 Roth MKM Peloton price target raised to $20 from $13 at Roth Capital 02/02/23 Canaccord Peloton price target raised to $20 from $15 at Canaccord 02/02/23 BofA Peloton price target raised to $19 from $16 at BofA 02/02/23 Guggenheim Guggenheim sees Darden as among 'best managed,' starts with a Buy 02/02/23 Guggenheim Darden initiated with a Buy at Guggenheim 01/23/23 Wells Fargo Darden initiated with an Equal Weight at Wells Fargo 01/18/23 JPMorgan Darden price target raised to $154 from $145 at JPMorgan $342.00 / -15.03 (-4.21%)
02/02/23 Raymond James Everest Re initiated with an Outperform at Raymond James 02/01/23 Raymond James Everest Re initiated with an Outperform at Raymond James 01/19/23 BMO Capital Everest Re initiated with a Market Perform at BMO Capital 12/30/22 Keefe Bruyette Keefe says Guy Carpenter news positive for catastrophe reinsurers 02/02/23 B. Riley OptimizeRx resumed with a Buy at B. Riley 10/31/22 Stifel OptimizeRx initiated with a Buy at Stifel 08/10/22 RBC Capital OptimizeRx price target lowered to $22 from $50 at RBC Capital 08/10/22 B. Riley OptimizeRx price target lowered to $37 from $56 at B. Riley 02/02/23 Raymond James Accolade initiated with an Outperform at Raymond James 02/01/23 Raymond James Accolade initiated with an Outperform at Raymond James 01/30/23 Truist Accolade price target raised to $14 from $12 at Truist 01/10/23 DA Davidson Accolade price target lowered to $14 from $16 at DA Davidson 01/31/23 Sysco sees FY23 EPS $4.00-$4.15, consensus 01/31/23 Sysco reports Q2 adjusted EPS 80c, consensus 84c 11/01/22 Sysco reaffirms FY23 guidance, including adjusted EPS $4.09-$4.39 11/01/22 Sysco reports Q1 adjusted EPS 97c, consensus 99c 02/01/23 Silicon Labs sees Q1 non-GAAP EPS $1.07-$1.17, consensus 77c 10/26/22 Silicon Labs sees Q4 non-GAAP EPS 93c-$1.03, consensus $1.05 10/26/22 Silicon Labs reports Q3 non-GAAP EPS $1.21, consensus $1.12 $342.00 / -15.03 (-4.21%)
10/26/22 Everest Re reports Q3 operating EPS ($5.28), consensus ($5.51) 02/01/23 Peloton sees Q3 revenue $690M-$715M, consensus $692.14M 02/01/23 Peloton reports Q2 EPS (98c), consensus (64c) 01/31/23 Notable companies reporting before tomorrow's open 08/09/22 OptimizeRx cuts FY22 revenue view to $62M-$68M from $80M-$85M 08/09/22 OptimizeRx reports Q2 EPS 4c vs. 10c last year 11/30/22 Okta raises FY23 EPS view to (27c)-(26c) from (73c)-(70c), consensus (72c) 11/30/22 Okta sees Q4 adjusted EPS 9c-10c, consensus (11c) 11/30/22 Okta reports Q3 adjusted EPS 0c, consensus (24c) 11/30/22 Notable companies reporting after market close 01/31/23 Match Group sees FY23 revenue up 5%-10% y/y, consensus $3.44B 01/31/23 Match Group sees Q1 revenue $790M-$800M, consensus $817.34M 01/31/23 Match Group reports Q4 EPS 30c, consensus 46c 01/31/23 Notable companies reporting after market close $182.35 / +29.25 (+19.11%)
02/01/23 Meta Platforms sees Q1 revenue $26B-$28.5B, consensus $27.14B 02/01/23 Meta Platforms reports Q4 EPS $1.76, consensus $2.22 02/01/23 Notable companies reporting after market close 11/09/22 Meta Platforms backs Q4 revenue outlook $30B-$32.5B, consensus $31.52B 10/27/22 First Solar reports Q3 EPS (46c), consensus (27c) 10/27/22 First Solar cuts FY22 EPS view to (65c)-(35c) from (25c)-25c, consensus (10c) 10/27/22 First Solar reports Q3 EPS (46c), consensus (27c) 10/27/22 Notable companies reporting after market close 12/20/22 FedEx sees FY23 EPS before-MTM ex-costs $13-$14, consensus $14.08 12/20/22 FedEx reports Q2 adjusted EPS $3.18, consensus $2.82 12/20/22 Notable companies reporting after market close 09/22/22 FedEx reports Q1 Express revenue $11.127B, up 1% 12/16/22 Darden revises FY23 EPS view to $7.60-$8.00 from $7.40-$8.00, consensus $7.71 12/16/22 Darden reports Q2 EPS $1.52, consensus $1.43 12/15/22 Notable companies reporting before tomorrow's open $354.50 / +72.41 (+25.67%)
02/01/23 Align Technology reports Q4 EPS $1.73, consensus $1.56 10/26/22 Align Technology reports Q3 adjusted EPS $1.36, consensus $2.18 01/09/23 Accolade guides initial FY24 revenue around $410M, consensus $405.4M 01/09/23 Accolade narrows FY23 revenue view to $361M-$365M, consensus $359.2M 01/09/23 Accolade sees Q4 revenue $97M-$101M, consensus $101.7M 01/09/23 Accolade reports Q3 EPS (56c), consensus (62c) 10/27/22 DOJ investigating how poultry companies pay farmers, WSJ reports 10/28/22 Peloton co-founder doubled his pledge shares to cover margin calls, WSJ reports 10/27/22 Peloton drops Kanye West music from platform, NY Post reports 10/11/22 Peloton's Foley faced 'repeated' margin calls on money he borrowed, WSJ reports 10/06/22 Peloton to cut 500 more jobs in turnaround effort, WSJ reports 01/26/23 Confluent Chief Revenue Officer departs, The Information reports 01/10/23 Chief Revenue Officer leaving Okta, The Information reports 01/06/23 White House to unveil cybersecurity strategy, Washington Post reports 12/21/22 Okta repositories hacked, source code stolen, BleepingComputer reports 01/19/23 Epic, Match antitrust case against Google goes to trial in November, TC says 11/19/22 Match Group stock has been knocked down, time to pick it up, Barron's says 11/12/22 Bumble shares haven't met their match, time to buy stock, Barron's says 10/11/22 Epic Games and Match expand antitrust allegations against Google, TC says $182.35 / +29.25 (+19.11%)
02/01/23 GoodRx to pay $1.5M fine over sharing health data, Bloomberg Law reports 02/01/23 Meta wins approval over FTC to acquire Within Unlimited, Bloomberg says 02/01/23 Meta debates on whether to share Reel money with creators, Information reports 01/31/23 Reels sharing revenue with creators hotly debated within Meta, Information says 12/02/22 Chinese solar producers dodged U.S. tariffs, WSJ reports 08/09/22 US solar industry facing disruptions with new import ban, WSJ reports 02/01/23 FedEx cutting management positions by over 10%, Bloomberg reports 02/01/23 FedEx cutting management positions by over 10%, Bloomberg reports 01/10/23 FedEx reduces Sunday deliveries 'again' amid e-commerce decline, Bloomberg says 10/07/22 FedEx ground division to lower volume forecast, Reuters says 01/31/23 What You Missed On Wall Street On Tuesday 01/31/23 What You Missed On Wall Street This Morning 11/01/22 What You Missed On Wall Street On Tuesday 11/01/22 What You Missed On Wall Street This Morning 10/29/22 Buy/Sell: Wall Street's top 10 stock calls this week 10/27/22 Street Wrap: Today's Top 15 Upgrades, Downgrades, Initiations 10/24/22 Street Wrap: Today's Top 15 Upgrades, Downgrades, Initiations 02/01/23 Fly Intel: Pre-market Movers 01/24/23 What You Missed On Wall Street On Tuesday 08/10/22 Fly Intel: Pre-market Movers 01/30/23 What You Missed On Wall Street On Monday 01/30/23 What You Missed On Wall Street This Morning 01/30/23 Street Wrap: Today's Top 15 Upgrades, Downgrades, Initiations 01/24/23 Street Wrap: Today's Top 15 Upgrades, Downgrades, Initiations 02/01/23 What You Missed On Wall Street This Morning 01/31/23 Fly Intel: After-Hours Movers 01/26/23 Street Wrap: Today's Top 15 Upgrades, Downgrades, Initiations $182.35 / +29.25 (+19.11%)
02/02/23 Fly Intel: Pre-market Movers 02/01/23 Fly Intel: After-Hours Movers 02/01/23 What You Missed On Wall Street On Wednesday 02/01/23 #SocialStocks: Meta circumvents FTC challenge and will acquire Within Unlimited 01/09/23 What You Missed This Week in EVs and Clean Energy 12/27/22 What You Missed This Week in EVs and Clean Energy 12/23/22 Street Wrap: Today's Top Upgrades, Downgrades, Initiations 12/12/22 Fly Intel: After-Hours Movers 02/01/23 Here's what Wall Street is saying about Amazon ahead of earnings 12/23/22 What You Missed On Wall Street On Friday 12/16/22 What You Missed On Wall Street On Friday 12/16/22 What You Missed On Wall Street This Morning 12/14/22 What You Missed On Wall Street On Wednesday $354.50 / +72.41 (+25.67%)
10/27/22 What You Missed On Wall Street On Thursday 10/27/22 What You Missed On Wall Street This Morning 01/10/23 What You Missed On Wall Street On Tuesday 01/10/23 What You Missed On Wall Street This Morning 01/10/23 Fly Intel: Pre-market Movers 01/09/23 Fly Intel: After-Hours Movers 01/31/23 Unusually active option classes on open January 31st 11/30/22 Largest borrow rate increases among liquid names 02/01/23 Unusually active option classes on open February 1st 01/30/23 Peloton Interactive call volume above normal and directionally bullish 01/24/23 Peloton Interactive put volume heavy and directionally bearish 01/06/23 Peloton Interactive call volume above normal and directionally bullish 01/31/23 Okta call volume above normal and directionally bullish 12/02/22 Unusually active option classes on open December 2nd 11/30/22 Okta options imply 14.2% move in share price post-earnings 11/23/22 Okta call volume above normal and directionally bullish 01/31/23 Match Group options imply 8.4% move in share price post-earnings 01/09/23 Early notable gainers among liquid option names on January 9th 12/13/22 Early notable gainers among liquid option names on December 13th 11/15/22 Early notable gainers among liquid option names on November 15th $182.35 / +29.25 (+19.11%)
02/02/23 Early notable gainers among liquid option names on February 2nd 02/02/23 Notable open interest changes for February 2nd 02/01/23 Meta Platforms (Facebook) options imply 8.9% move in share price post-earnings 01/10/23 Notable open interest changes for January 10th 01/24/23 Unusually active option classes on open January 24th 12/12/22 First Solar put volume heavy and directionally bearish 12/06/22 Unusually active option classes on open December 6th 11/28/22 Unusually active option classes on open November 28th 12/23/22 Unusually active option classes on open December 23rd 12/22/22 Early notable gainers among liquid option names on December 22nd 12/22/22 Unusually active option classes on open December 22nd 12/15/22 Fedex put volume heavy and directionally bearish $354.50 / +72.41 (+25.67%)
02/01/23 Align Technology options imply 9.2% move in share price post-earnings 10/31/22 Early notable gainers among liquid option names on October 31st 10/26/22 Align Technology options imply 11.2% move in share price post-earnings 01/09/23 Accolade options imply 10.9% move in share price post-earnings
Recommendations
Needham analyst Bernie…
Needham analyst Bernie McTernan raised the firm's price target on Peloton to $20 from $14 and keeps a Buy rating on the shares after its Q2 results. The highlights for the quarter were the company's better than expected revenue and the progression on fixing product gross margins, the analyst tells investors in a research note. The firm adds that while the falling product margins and rising fixed costs have overshadowed the attractive economics of a Peloton subscription, this dynamic is fading.
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$16.37 / +3.455 (+26.75%)
02/01/23 Peloton not forecasting spike in churn rate 02/01/23 Peloton still sees revenue for the year to resemble seasonality of FY22 02/01/23 Peloton: Precor meets significant need in commercial marketplace 02/01/23 Peloton CEO says generated more revenue from subscriptions vs. hardware sales $16.37 / +3.455 (+26.75%)
02/02/23 Roth MKM Peloton price target raised to $20 from $13 at Roth Capital 02/02/23 Canaccord Peloton price target raised to $20 from $15 at Canaccord 02/02/23 BofA Peloton price target raised to $19 from $16 at BofA 02/02/23 JPMorgan Peloton price target raised to $19 from $13 at JPMorgan $16.37 / +3.455 (+26.75%)
02/01/23 Peloton sees Q3 revenue $690M-$715M, consensus $692.14M 02/01/23 Peloton reports Q2 EPS (98c), consensus (64c) 01/31/23 Notable companies reporting before tomorrow's open $16.37 / +3.455 (+26.75%)
10/28/22 Peloton co-founder doubled his pledge shares to cover margin calls, WSJ reports 10/27/22 Peloton drops Kanye West music from platform, NY Post reports 10/11/22 Peloton's Foley faced 'repeated' margin calls on money he borrowed, WSJ reports 10/06/22 Peloton to cut 500 more jobs in turnaround effort, WSJ reports $16.37 / +3.455 (+26.75%)
02/01/23 What You Missed On Wall Street On Wednesday 02/01/23 What You Missed On Wall Street This Morning 02/01/23 Fly Intel: Pre-market Movers 01/24/23 What You Missed On Wall Street On Tuesday $16.37 / +3.455 (+26.75%)
02/01/23 Unusually active option classes on open February 1st 01/30/23 Peloton Interactive call volume above normal and directionally bullish 01/24/23 Peloton Interactive put volume heavy and directionally bearish 01/06/23 Peloton Interactive call volume above normal and directionally bullish
Recommendations
Roth Capital analyst…
Roth Capital analyst George Kelly raised the firm's price target on Peloton to $20 from $13 and keeps a Buy rating on the shares. The company's margins and new equipment demand remain challenged, which could keep the stock range bound in the near term, but Peloton is still expected to consolidate share over time, the analyst tells investors in a research note.
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$16.37 / +3.455 (+26.75%)
02/01/23 Peloton not forecasting spike in churn rate 02/01/23 Peloton still sees revenue for the year to resemble seasonality of FY22 02/01/23 Peloton: Precor meets significant need in commercial marketplace 02/01/23 Peloton CEO says generated more revenue from subscriptions vs. hardware sales $16.37 / +3.455 (+26.75%)
02/02/23 Canaccord Peloton price target raised to $20 from $15 at Canaccord 02/02/23 BofA Peloton price target raised to $19 from $16 at BofA 02/02/23 JPMorgan Peloton price target raised to $19 from $13 at JPMorgan 02/02/23 Baird Peloton price target raised to $14 from $12 at Baird $16.37 / +3.455 (+26.75%)
02/01/23 Peloton sees Q3 revenue $690M-$715M, consensus $692.14M 02/01/23 Peloton reports Q2 EPS (98c), consensus (64c) 01/31/23 Notable companies reporting before tomorrow's open $16.37 / +3.455 (+26.75%)
10/28/22 Peloton co-founder doubled his pledge shares to cover margin calls, WSJ reports 10/27/22 Peloton drops Kanye West music from platform, NY Post reports 10/11/22 Peloton's Foley faced 'repeated' margin calls on money he borrowed, WSJ reports 10/06/22 Peloton to cut 500 more jobs in turnaround effort, WSJ reports $16.37 / +3.455 (+26.75%)
02/01/23 What You Missed On Wall Street On Wednesday 02/01/23 What You Missed On Wall Street This Morning 02/01/23 Fly Intel: Pre-market Movers 01/24/23 What You Missed On Wall Street On Tuesday $16.37 / +3.455 (+26.75%)
02/01/23 Unusually active option classes on open February 1st 01/30/23 Peloton Interactive call volume above normal and directionally bullish 01/24/23 Peloton Interactive put volume heavy and directionally bearish 01/06/23 Peloton Interactive call volume above normal and directionally bullish
Recommendations
Canaccord analyst Michael…
Canaccord analyst Michael Graham raised the firm's price target on Peloton to $20 from $15 and keeps a Buy rating on the shares. The analyst said they reported mixed Q2 results but see the turnaround is continuing as a return to growth is now more visible.
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$16.37 / +3.455 (+26.75%)
02/01/23 Peloton not forecasting spike in churn rate 02/01/23 Peloton still sees revenue for the year to resemble seasonality of FY22 02/01/23 Peloton: Precor meets significant need in commercial marketplace 02/01/23 Peloton CEO says generated more revenue from subscriptions vs. hardware sales $16.37 / +3.455 (+26.75%)
02/02/23 BofA Peloton price target raised to $19 from $16 at BofA 02/02/23 JPMorgan Peloton price target raised to $19 from $13 at JPMorgan 02/02/23 Baird Peloton price target raised to $14 from $12 at Baird 02/02/23 Barclays Peloton price target raised to $19 from $14 at Barclays $16.37 / +3.455 (+26.75%)
02/01/23 Peloton sees Q3 revenue $690M-$715M, consensus $692.14M 02/01/23 Peloton reports Q2 EPS (98c), consensus (64c) 01/31/23 Notable companies reporting before tomorrow's open $16.37 / +3.455 (+26.75%)
10/28/22 Peloton co-founder doubled his pledge shares to cover margin calls, WSJ reports 10/27/22 Peloton drops Kanye West music from platform, NY Post reports 10/11/22 Peloton's Foley faced 'repeated' margin calls on money he borrowed, WSJ reports 10/06/22 Peloton to cut 500 more jobs in turnaround effort, WSJ reports $16.37 / +3.455 (+26.75%)
02/01/23 What You Missed On Wall Street On Wednesday 02/01/23 What You Missed On Wall Street This Morning 02/01/23 Fly Intel: Pre-market Movers 01/24/23 What You Missed On Wall Street On Tuesday $16.37 / +3.455 (+26.75%)
02/01/23 Unusually active option classes on open February 1st 01/30/23 Peloton Interactive call volume above normal and directionally bullish 01/24/23 Peloton Interactive put volume heavy and directionally bearish 01/06/23 Peloton Interactive call volume above normal and directionally bullish
Recommendations
BofA analyst Justin Post…
BofA analyst Justin Post raised the firm's price target on Peloton to $19 from $16 and keeps a Buy rating on the shares after the company beat expectations on revenue and subscribers in Q2, but missed on EBITDA. Hardware margin is still an overhang, but there were "a few positive signs," said the firm, which is raising its FY23 revenue estimate and assumes the company operates near breakeven cash flow for a year or two going forward as it reinvests.
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$16.37 / +3.455 (+26.75%)
02/01/23 Peloton not forecasting spike in churn rate 02/01/23 Peloton still sees revenue for the year to resemble seasonality of FY22 02/01/23 Peloton: Precor meets significant need in commercial marketplace 02/01/23 Peloton CEO says generated more revenue from subscriptions vs. hardware sales $16.37 / +3.455 (+26.75%)
02/02/23 JPMorgan Peloton price target raised to $19 from $13 at JPMorgan 02/02/23 Baird Peloton price target raised to $14 from $12 at Baird 02/02/23 Barclays Peloton price target raised to $19 from $14 at Barclays 02/02/23 Bernstein Peloton price target raised to $20 from $13 at Bernstein $16.37 / +3.455 (+26.75%)
02/01/23 Peloton sees Q3 revenue $690M-$715M, consensus $692.14M 02/01/23 Peloton reports Q2 EPS (98c), consensus (64c) 01/31/23 Notable companies reporting before tomorrow's open $16.37 / +3.455 (+26.75%)
10/28/22 Peloton co-founder doubled his pledge shares to cover margin calls, WSJ reports 10/27/22 Peloton drops Kanye West music from platform, NY Post reports 10/11/22 Peloton's Foley faced 'repeated' margin calls on money he borrowed, WSJ reports 10/06/22 Peloton to cut 500 more jobs in turnaround effort, WSJ reports $16.37 / +3.455 (+26.75%)
02/01/23 What You Missed On Wall Street On Wednesday 02/01/23 What You Missed On Wall Street This Morning 02/01/23 Fly Intel: Pre-market Movers 01/24/23 What You Missed On Wall Street On Tuesday $16.37 / +3.455 (+26.75%)
02/01/23 Unusually active option classes on open February 1st 01/30/23 Peloton Interactive call volume above normal and directionally bullish 01/24/23 Peloton Interactive put volume heavy and directionally bearish 01/06/23 Peloton Interactive call volume above normal and directionally bullish
Recommendations
JPMorgan analyst Doug…
JPMorgan analyst Doug Anmuth raised the firm's price target on Peloton to $19 from $13 and keeps an Overweight rating on the shares. The analyst come away from the fiscal Q2 earnings report incrementally positive on Peloton based on the rationalized cost base and improving free cash flow loss, as well as better than expected connected fitness subscriber growth. With the cost base now more variable, Peloton is shifting focus toward restoring revenue growth while balancing the company's goal for sustained free cash flow generation, the analyst tells investors in a research note.
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$16.37 / +3.455 (+26.75%)
02/01/23 Peloton not forecasting spike in churn rate 02/01/23 Peloton still sees revenue for the year to resemble seasonality of FY22 02/01/23 Peloton: Precor meets significant need in commercial marketplace 02/01/23 Peloton CEO says generated more revenue from subscriptions vs. hardware sales $16.37 / +3.455 (+26.75%)
02/02/23 Baird Peloton price target raised to $14 from $12 at Baird 02/02/23 Barclays Peloton price target raised to $19 from $14 at Barclays 02/02/23 Bernstein Peloton price target raised to $20 from $13 at Bernstein 02/02/23 Truist Truist ups Peloton target, 'warming up to the story again' $16.37 / +3.455 (+26.75%)
02/01/23 Peloton sees Q3 revenue $690M-$715M, consensus $692.14M 02/01/23 Peloton reports Q2 EPS (98c), consensus (64c) 01/31/23 Notable companies reporting before tomorrow's open $16.37 / +3.455 (+26.75%)
10/28/22 Peloton co-founder doubled his pledge shares to cover margin calls, WSJ reports 10/27/22 Peloton drops Kanye West music from platform, NY Post reports 10/11/22 Peloton's Foley faced 'repeated' margin calls on money he borrowed, WSJ reports 10/06/22 Peloton to cut 500 more jobs in turnaround effort, WSJ reports $16.37 / +3.455 (+26.75%)
02/01/23 What You Missed On Wall Street On Wednesday 02/01/23 What You Missed On Wall Street This Morning 02/01/23 Fly Intel: Pre-market Movers 01/24/23 What You Missed On Wall Street On Tuesday $16.37 / +3.455 (+26.75%)
02/01/23 Unusually active option classes on open February 1st 01/30/23 Peloton Interactive call volume above normal and directionally bullish 01/24/23 Peloton Interactive put volume heavy and directionally bearish 01/06/23 Peloton Interactive call volume above normal and directionally bullish
Recommendations
Baird analyst Jonathan…
Baird analyst Jonathan Komp raised the firm's price target on Peloton to $14 from $12 and keeps a Neutral rating on the shares. The analyst raised his target but said he would avoid chasing the stock while noting the company has effectively addressed near-term liquidity concerns, but proving current initiatives can drive incremental and profitable growth will require some further heavy lifting.
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$16.37 / +3.455 (+26.75%)
02/01/23 Peloton not forecasting spike in churn rate 02/01/23 Peloton still sees revenue for the year to resemble seasonality of FY22 02/01/23 Peloton: Precor meets significant need in commercial marketplace 02/01/23 Peloton CEO says generated more revenue from subscriptions vs. hardware sales $16.37 / +3.455 (+26.75%)
02/02/23 Barclays Peloton price target raised to $19 from $14 at Barclays 02/02/23 Bernstein Peloton price target raised to $20 from $13 at Bernstein 02/02/23 Truist Truist ups Peloton target, 'warming up to the story again' 02/02/23 Exane BNP Paribas Peloton downgraded to Underperform from Neutral at Exane BNP Paribas $16.37 / +3.455 (+26.75%)
02/01/23 Peloton sees Q3 revenue $690M-$715M, consensus $692.14M 02/01/23 Peloton reports Q2 EPS (98c), consensus (64c) 01/31/23 Notable companies reporting before tomorrow's open $16.37 / +3.455 (+26.75%)
10/28/22 Peloton co-founder doubled his pledge shares to cover margin calls, WSJ reports 10/27/22 Peloton drops Kanye West music from platform, NY Post reports 10/11/22 Peloton's Foley faced 'repeated' margin calls on money he borrowed, WSJ reports 10/06/22 Peloton to cut 500 more jobs in turnaround effort, WSJ reports $16.37 / +3.455 (+26.75%)
02/01/23 What You Missed On Wall Street On Wednesday 02/01/23 What You Missed On Wall Street This Morning 02/01/23 Fly Intel: Pre-market Movers 01/24/23 What You Missed On Wall Street On Tuesday $16.37 / +3.455 (+26.75%)
02/01/23 Unusually active option classes on open February 1st 01/30/23 Peloton Interactive call volume above normal and directionally bullish 01/24/23 Peloton Interactive put volume heavy and directionally bearish 01/06/23 Peloton Interactive call volume above normal and directionally bullish
Recommendations
Barclays analyst Mario Lu…
Barclays analyst Mario Lu raised the firm's price target on Peloton to $19 from $14 and keeps an Overweight rating on the shares. The company's total revenue and connected subs came in above expectations, seeing an uplift from the holiday season, and adjusted free cash flow burn turned positive in the quarter, well ahead of Peloton's breakeven goal by fiscal year end, the analyst tells investors in a research note. The firm continues to favor the stock here as it views both the Q3 and Q4 revenue guides as "more than achievable to beat."
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02/01/23 Peloton not forecasting spike in churn rate 02/01/23 Peloton still sees revenue for the year to resemble seasonality of FY22 02/01/23 Peloton: Precor meets significant need in commercial marketplace 02/01/23 Peloton CEO says generated more revenue from subscriptions vs. hardware sales 02/02/23 Bernstein Peloton price target raised to $20 from $13 at Bernstein 02/02/23 Truist Truist ups Peloton target, 'warming up to the story again' 02/02/23 Exane BNP Paribas Peloton downgraded to Underperform from Neutral at Exane BNP Paribas 02/02/23 Citi Peloton price target raised to $22 from $18 at Citi 02/01/23 Peloton sees Q3 revenue $690M-$715M, consensus $692.14M 02/01/23 Peloton reports Q2 EPS (98c), consensus (64c) 01/31/23 Notable companies reporting before tomorrow's open 10/28/22 Peloton co-founder doubled his pledge shares to cover margin calls, WSJ reports 10/27/22 Peloton drops Kanye West music from platform, NY Post reports 10/11/22 Peloton's Foley faced 'repeated' margin calls on money he borrowed, WSJ reports 10/06/22 Peloton to cut 500 more jobs in turnaround effort, WSJ reports 02/01/23 What You Missed On Wall Street On Wednesday 02/01/23 What You Missed On Wall Street This Morning 02/01/23 Fly Intel: Pre-market Movers 01/24/23 What You Missed On Wall Street On Tuesday 02/01/23 Unusually active option classes on open February 1st 01/30/23 Peloton Interactive call volume above normal and directionally bullish 01/24/23 Peloton Interactive put volume heavy and directionally bearish 01/06/23 Peloton Interactive call volume above normal and directionally bullish
Recommendations
Bernstein analyst Aneesha…
Bernstein analyst Aneesha Sherman raised the firm's price target on Peloton to $20 from $13 and keeps an Outperform rating on the shares. Peloton has done the work on fixing the business, results are showing through, and the progress continues, the firm says. Bernstein updates its numbers post-Q2 and models a positive margin mix shift, leaner Opex, positive free cash flow at year-end 2023 and positive adjusted EBITDA in 2024.
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$16.37 / +3.455 (+26.75%)
02/01/23 Peloton not forecasting spike in churn rate 02/01/23 Peloton still sees revenue for the year to resemble seasonality of FY22 02/01/23 Peloton: Precor meets significant need in commercial marketplace 02/01/23 Peloton CEO says generated more revenue from subscriptions vs. hardware sales $16.37 / +3.455 (+26.75%)
02/02/23 Truist Truist ups Peloton target, 'warming up to the story again' 02/02/23 Exane BNP Paribas Peloton downgraded to Underperform from Neutral at Exane BNP Paribas 02/02/23 Citi Peloton price target raised to $22 from $18 at Citi 02/02/23 Piper Sandler Peloton price target raised to $17 from $12 at Piper Sandler $16.37 / +3.455 (+26.75%)
02/01/23 Peloton sees Q3 revenue $690M-$715M, consensus $692.14M 02/01/23 Peloton reports Q2 EPS (98c), consensus (64c) 01/31/23 Notable companies reporting before tomorrow's open $16.37 / +3.455 (+26.75%)
10/28/22 Peloton co-founder doubled his pledge shares to cover margin calls, WSJ reports 10/27/22 Peloton drops Kanye West music from platform, NY Post reports 10/11/22 Peloton's Foley faced 'repeated' margin calls on money he borrowed, WSJ reports 10/06/22 Peloton to cut 500 more jobs in turnaround effort, WSJ reports $16.37 / +3.455 (+26.75%)
02/01/23 What You Missed On Wall Street On Wednesday 02/01/23 What You Missed On Wall Street This Morning 02/01/23 Fly Intel: Pre-market Movers 01/24/23 What You Missed On Wall Street On Tuesday $16.37 / +3.455 (+26.75%)
02/01/23 Unusually active option classes on open February 1st 01/30/23 Peloton Interactive call volume above normal and directionally bullish 01/24/23 Peloton Interactive put volume heavy and directionally bearish 01/06/23 Peloton Interactive call volume above normal and directionally bullish
Recommendations
Truist analyst Youssef…
Truist analyst Youssef Squali raised the firm's price target on Peloton to $15 from $10 and keeps a Hold rating on the shares. The company's fiscal Q2 results and Q3 guidance show that management is making "real progress" on fixing Peloton by reaccelerating growth in connected fitness subscribers, working down inventory and stabilizing cash flow, the analyst tells investors in a research note. The firm is "warming up to the story again" with Peloton expected to reach free cash flow profitability by June and be repositioned for profitable growth in fiscal 2024. However, "much work remains to prove" that the company's various new initiatives will drive significant growth and profitability over time, writes the analyst.
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$16.37 / +3.455 (+26.75%)
02/01/23 Peloton not forecasting spike in churn rate 02/01/23 Peloton still sees revenue for the year to resemble seasonality of FY22 02/01/23 Peloton: Precor meets significant need in commercial marketplace 02/01/23 Peloton CEO says generated more revenue from subscriptions vs. hardware sales $16.37 / +3.455 (+26.75%)
02/02/23 Exane BNP Paribas Peloton downgraded to Underperform from Neutral at Exane BNP Paribas 02/02/23 Citi Peloton price target raised to $22 from $18 at Citi 02/02/23 Piper Sandler Peloton price target raised to $17 from $12 at Piper Sandler 02/01/23 JMP Securities Peloton downgraded to Market Perform from Outperform at JMP Securities $16.37 / +3.455 (+26.75%)
02/01/23 Peloton sees Q3 revenue $690M-$715M, consensus $692.14M 02/01/23 Peloton reports Q2 EPS (98c), consensus (64c) 01/31/23 Notable companies reporting before tomorrow's open $16.37 / +3.455 (+26.75%)
10/28/22 Peloton co-founder doubled his pledge shares to cover margin calls, WSJ reports 10/27/22 Peloton drops Kanye West music from platform, NY Post reports 10/11/22 Peloton's Foley faced 'repeated' margin calls on money he borrowed, WSJ reports 10/06/22 Peloton to cut 500 more jobs in turnaround effort, WSJ reports $16.37 / +3.455 (+26.75%)
02/01/23 What You Missed On Wall Street On Wednesday 02/01/23 What You Missed On Wall Street This Morning 02/01/23 Fly Intel: Pre-market Movers 01/24/23 What You Missed On Wall Street On Tuesday $16.37 / +3.455 (+26.75%)
02/01/23 Unusually active option classes on open February 1st 01/30/23 Peloton Interactive call volume above normal and directionally bullish 01/24/23 Peloton Interactive put volume heavy and directionally bearish 01/06/23 Peloton Interactive call volume above normal and directionally bullish