BofA Securities analyst Justin Post upgrades $Peloton Interactive (PTON.US)$ to a buy rating, and adjusts the target price from $4.15 to $9.
According to TipRanks data, the analyst has a success rate of 67.8% and a total average return of 22.8% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Peloton Interactive (PTON.US)$'s main analysts recently are as follows:
Peloton's fiscal Q1 results exceeded expectations, with Connected Fitness subscriptions, revenue, and adjusted EBITDA surpassing the high end of its guidance. Despite these positive outcomes, the company's fiscal 2025 revenue outlook remains the same, which could indicate ongoing challenges in expanding its subscriber base and a lack of clarity on how it will return to growth.
Peloton's recent fiscal Q1 results surpassed expectations with a notably higher EBITDA than anticipated, and the forecast for FY25 has been increased to a range of $240M-$290M, compared to the market consensus of $232M. It is believed that Peloton has the potential to achieve over $300M in EBITDA this year, with the prospect of surpassing $400M in the coming years.
The company is on a path to achieve profitability more rapidly than previously expected, with potential for additional cost efficiencies in the near future. Despite these improvements, it is still uncertain how the company will achieve long-term profitable growth given the trend of a declining subscriber base.
Note:
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