Canaccord analyst Michael Graham lowered the firm’s price target on Peloton to $5 from $6 and keeps a Hold rating on the shares. The firm said while the momentum with the Rental program and progress bringing the Tread+ to market are encouraging developments, with limited visibility into sustained top-line growth and continued elusive free cash flow, they maintain their rating.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on PTON:
- Peloton Stock (NASDAQ:PTON): Negatives Priced In, Says Analyst
- Peloton Interactive Earnings Report: Is it a Beat?
- Peloton (NASDAQ:PTON) Reports Q2 Loss; Eyes Recovery Through Growth Initiatives
- Peloton CEO says biggest challenge continues to be growth at scale
- Peloton sees 2024 revenue $2.675B-$2.75B, consensus $2.75B
