Roth MKM analyst George Kelly maintains $Peloton Interactive (PTON.US)$ with a buy rating, and adjusts the target price from $6 to $11.
According to TipRanks data, the analyst has a success rate of 46.8% and a total average return of 9.9% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Peloton Interactive (PTON.US)$'s main analysts recently are as follows:
The company is on a path to profitability more rapidly than initially expected, with potential for enhanced cost efficiencies in the near future. Nonetheless, given the diminishing number of subscribers, it's uncertain how the company will achieve sustained profitable growth over the long term.
The company is progressing in aligning its costs with the present revenue profile. Analysts note that expense reductions are becoming evident more swiftly than anticipated, and the company is expected to realize $200M in annualized savings from its restructuring efforts by the end of fiscal 2025.
The firm noted that Peloton's results suggested a return to a 10% margin. The improved profit and cash outlook, along with the announcement of a new CEO, seen as a strong hire, are alleviating some uncertainties. Despite these positive developments, the firm recommends caution against immediate investment in the company's shares.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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