Roth MKM lowered the firm’s price target on Peloton to $9 from $11 and keeps a Buy rating on the shares. While the company’s Q4 report “showed continued consumer demand challenges and one-time issues that negatively impacted revenue growth,” the firm is staying at Buy as it continues to see longer-term opportunity for Peloton to take “considerable share” in the at-home market. However, Roth also continues to believe the stock is likely to remain “range-bound” until consumer demand “normalizes,” the analyst tells investors.
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