Peloton price target raised to $19 from $14 at Barclays

Barclays analyst Mario Lu raised the firm’s price target on Peloton to $19 from $14 and keeps an Overweight rating on the shares. The company’s total revenue and connected subs came in above expectations, seeing an uplift from the holiday season, and adjusted free cash flow burn turned positive in the quarter, well ahead of Peloton’s breakeven goal by fiscal year end, the analyst tells investors in a research note. The firm continues to favor the stock here as it views both the Q3 and Q4 revenue guides as "more than achievable to beat."