Macquarie analyst Paul Golding maintains $Peloton Interactive (PTON.US)$ with a hold rating, and sets the target price at $9.
According to TipRanks data, the analyst has a success rate of 67.2% and a total average return of 11.9% 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 noted for achieving a quicker than expected trajectory towards profitability, with potential for additional near-term cost efficiencies. Nevertheless, there is an ongoing uncertainty regarding the company's capability to sustain profitable growth over the long term amidst a shrinking subscriber base.
Peloton is adjusting its costs to better match its current revenue profile. Expense reductions are being realized more rapidly than anticipated, and the company is poised to achieve $200 million in annualized savings by the end of fiscal 2025 due to its restructuring efforts.
The recent quarterly performance of Peloton surpassed expectations with revenue and margin driving the positive outcomes. The company forecasts sustained positive free cash flow in the subsequent quarters, which is anticipated to aid in its ongoing efforts to reduce leverage. The prospect of a continued journey towards profitability is also reflected in the evaluation, which now relies purely on equity value to EBITDA metrics.
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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