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PTON

Peloton

$57.11 /

-1.32 (-2.26%)

, LULU

Lululemon

$293.45 /

+3.86 (+1.33%)

08:04
06/30/20
06/30
08:04
06/30/20
08:04

Roth boosts Peloton target to $66, says buy Mirror acquisition selloff

Roth Capital analyst George Kelly raised the firm's price target on Peloton Interactive (PTON) to $66 from $51 and keeps a Buy rating on the shares. While Lululemon Athletica's (LULU) acquisition of Mirror "raises the competitive bar," shares of Peloton (PTON) should be bought on any weakness, Kelly tells investors in a research note. Peloton in premarket trading is down 1% to $56.50. The acquisition of Mirror will bring even more attention to the at-home fitness space from large fitness, apparel, private equity and tech companies, says Kelly. Most major at-home fitness equipment companies have raised capital or been acquired over the past several years, and Peloton "may eventually follow the same route," he adds. Kelly estimates that Mirror has approximately 75,000 subscribers compared to Peloton's 1M. Further, the analyst sees a "huge" market since there are 70M gym subscribers in the U.S. Kelly believes Peloton's continued momentum is not reflected in consensus estimates and that the stock's valuation has "room to run."

PTON

Peloton

$57.11 /

-1.32 (-2.26%)

LULU

Lululemon

$293.45 /

+3.86 (+1.33%)

  • 26

    Sep

  • 13

    Dec

PTON Peloton
$57.11 /

-1.32 (-2.26%)

06/26/20 Needham
Peloton price target raised to $65 from $50 at Needham
06/25/20 Raymond James
Peloton resumed with an Outperform at Raymond James
06/24/20 KeyBanc
Peloton price target raised to $70 from $55 at KeyBanc
06/23/20 Cowen
Peloton price target raised to $70 from $54 at Cowen
LULU Lululemon
$293.45 /

+3.86 (+1.33%)

06/30/20 Piper Sandler
Piper Sandler favors Lululemon acquisition of Mirror
06/17/20 Morgan Stanley
Lululemon price target raised to $306 from $296 at Morgan Stanley
06/15/20 Argus
Lululemon price target raised to $360 from $270 at Argus
06/15/20 Citi
Lululemon price target raised to $340 from $230 at Citi

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