MKM Partners analyst Rohit Kulkarni keeps a Neutral rating and $10 price target on Peloton shares ahead of its Q4 results next week. The analyst notes however that the firm’s social media and iTunes app store tracking implies in-line to slightly higher subscriber net adds vs. Street estimates for the December quarter. Based on the resolution of legal proceedings and the company’s continued focus on expanding its total addressable market, MKM Partners has a positive bias heading into Peloton earnings.
Published first on TheFly
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