Peloton Pulled From Wedbush Best Ideas List Due to Valuation


2020/07/06 20:01  TheStreet

Peloton Interactive( PTON ) - Get Reportwas removed from Wedbush’s Best Ideas List based on valuation. But the firm’s James Hardiman affirmed his outperform rating and $63 share-price target on the market’s fitness-product darling.

Peloton stock traded at $22.25 when Wedbush placed the shares on the Best Ideas List in mid-March. At last check the shares were up 2.2% at $60.48, nearly triple that figure in 3 1/2 months. They traded on Monday at a 52-week high above $62.

Hardiman remains of the “belief that the company has considerable runway for outsize growth,” he wrote in a commentary cited by Barron’s.

Peloton represents more than just a fad, as some critics have charged, with many people staying at home around the country in fear of the coronavirus, Hardiman said. The company has a hefty order backlog

Many wealthy people will shy away from public gyms, even after cities ease their coronavirus restrictions, pushing them to Peloton, he said.

Last week, Peloton and streaming platform Roku( ROKU ) - Get Reportsaid that a Peloton app is now available on Roku.

Peloton’s channel provides thousands of instructor-led, immersive workouts that people can do with or without equipment.

The Peloton channel uses Roku Pay and costs $12.99 per month after a free 30-day trial. Current Peloton users also can access the channel over Roku.

“As people continue to stay home, the television is increasingly becoming their window to the world, providing virtual access to the gym, travel, food, learning and more,” said Regina Breslin, Roku’s director of content acquisition, said in a statement.

Peloton Interactive(PTON)-Get Report根据估值从韦德布什的最佳想法名单中删除。但该公司的詹姆斯·哈迪曼(James Hardiman)确认了他对市场上最受欢迎的健身产品的强于大盘的评级和63美元的目标股价。





上周,peloton和流媒体平台Roku(Roku)-Get Report表示,Peloton的一款应用程序现在可以在Roku上使用。


peloton频道使用Roku Pay,免费试用30天后每月收费12.99美元。目前的佩洛通用户也可以通过Roku访问该频道。

Roku的内容获取总监雷吉娜·布雷斯林(Regina Breslin)在一份声明中说,“随着人们继续呆在家里,电视正越来越多地成为他们通向世界的窗口,提供去健身房、旅行、食物、学习等的虚拟通道。”


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