Telsey Advisory raised the firm’s price target on Peloton to $5 from $4 and keeps a Market Perform rating on the shares. The company reported better-than-expected Q4 earnings and guided to adjusted EBITDA for FY25 higher than consensus estimates, the analyst tells investors. Looking ahead, the firm believes the company’s hardware prices remain too high and new initiatives are promising but have yet to make a significant contribution to the business model.
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