"We underestimated the reopening impact on our company," Peloton chief John Foley told shareholders on an earnings call.
Wedbush cut its 12-month price target for the high-end equipment maker's stock to $115 from $130 per share.
"There are no words to express the shock and sadness everyone at Peloton feels as a result of this terrible tragedy," CEO John Foley told customers.
Peloton customers are outraged over continued shipping delays, The New York Times reports. Customers say deliveries of new bikes or treadmills aren’t showing up or are repeatedly rescheduled. Delays have plagued Peloton for months as skyrocketing demand coincided with supply chain issues. Visit Business Insider’s homepage for more stories. Peloton […]
A 312% year-to-date rally in Peloton has helped the connected fitness equipment maker join the ranks of its large-cap tech peers: inclusion in the Nasdaq 100 index. In its annual year-end shake up, Nasdaq announced it would boot six companies from the index, replacing them with Peloton and 5 others. […]
Peloton fell as much as 3% on Tuesday after Apple revealed its rival Fitness+ service will debut on December 14. The service allows iPhone, iPad, and Apple TV owners to access various exercise classes through their devices. Fitness+ will cost $US9.99 per month, undercutting Peloton’s cheapest $US12.99-per-month subscription. Peloton CEO […]
Peloton rose out of a morning loss and jumped as much as 8.6% on Tuesday after the company announced a new, multi-year partnership with musical artist Beyonce Knowles. The collaboration’s launch coincides with homecoming season, an annual fall celebration for students at historically Black colleges and universities. Peloton and Knowles […]
Zoom dove as much as 16% in early Monday trading after Pfizer’s encouraging COVID-19 drug results dragged stay-at-home stocks lower. The pharmaceutical company announced Monday morning that it’s experimental coronavirus drug was more than 90% effective in preventing COVID-19 in trial participants. The news lifted global stocks, particularly those for […]
Peloton surged as much as 6% on Friday as massive sales growth offset concerns over supply constraints. The company beat estimates for its fiscal first-quarter earnings and revenue, with the latter more than tripling from the year-ago reading. Peloton also lifted its forecast for full-year sales above analyst expectations. The […]
Goldman Sachs downgraded Peloton to neutral on Thursday following a 458% rally since it was added to Goldman’s American Buy List in October 2019. “Much of the near term opportunity is priced in,” Goldman said in the note, with the stock trading just a few dollars below its $US140 price […]
Peloton’s growing product lineup and stay-at-home trends stand to lift shares well into 2021, Bank of America analysts said Thursday. The team led by Justin Post raised their price target on the stock to $US150 from $US116, implying a 14% rally from Wednesday’s close over the next 12 months. The […]
Peloton’s stock surge through the summer will continue into 2021 due to healthy demand, new products, and increased factory capacity,Bank of America analysts said in a Tuesday note. The team lifted its price target for Peloton shares to $US101 from $US72, implying an 18% jump from Tuesday’s closing price. The […]
JPMorgan on Tuesday boosted its Peloton price target to $US105 from $US58, implying a roughly 18% upside. It also added the stock to its top picks list. Shares of Peloton surged as much as 11% to a record high Wednesday. “Peloton’s biggest near-term challenge in our view is keeping up […]
Goldman Sachs analysts lifted their price target for Peloton stock to a Street-high $US96 from $US84 on Thursday, implying a 43% increase from Wednesday’s close to August 2021. Wall Street’s expectations for the fitness equipment company’s growth “remain far too low,” the team wrote in a note to clients. Peloton […]
Three popular stay-at-home stocks surged Monday as coronavirus cases climb in the US and around the world. Netflix,Peloton, and Zoom stocks all hit record highs in intraday trading Monday as investors watched growing COVID-19 case numbers. At the same time, the so-called reopening stocks including airlines, cruise lines, and retailers […]
Peloton announced fiscal second-quarter earnings on Wednesday afternoon, and revenue forecasts for next quarter missed Wall Street estimates. The fitness equipment company’s quarterly revenue topped analyst estimates, and while net losses grew year-over-year, they still landed above Wall Street’s hopes. Peloton shares tumbled as much as 8% in early Thursday […]
Short wagers against Peloton stock are sitting near a record high after the company’s holiday ad garnered intense backlash. Peloton stock fell 11% in the six days following the commercial’s release. Traders piled into bets against a recovery, pushing short notional interest to a post-IPO record of $US975 million on […]