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ITC decision won’t have major impact on Peloton service, sales, says BofA
The Fly

ITC decision won’t have major impact on Peloton service, sales, says BofA

BofA analyst Justin Post made no change to the firm’s Buy rating or $19 price target on Peloton (PTON) shares. According to reports, imports of Peloton’s stationary bikes could be blocked after the U.S. ITC ruled in Dish’s (DISH) favor in a patent infringement suit relating to streaming video software that improves video quality. Peloton has indicated that the ITC decision will not disrupt service to its current members, the analyst tells investors in a research note, adding that while Peloton may appeal the ruling, there is also the potential for Peloton to negotiate a modest licensing agreement with Dish to address the patent infringement. The firm does not anticipate a service or sales disruption, though the negative headlines are a modest negative for Peloton’s brand.

Published first on TheFly

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