The Pandemic Keeps Shutting Gyms. That's Good for Peloton. -- Barrons.com
The Pandemic Keeps Shutting Gyms. That's Good for Peloton. -- Barrons.com
DJ The Pandemic Keeps Shutting Gyms. That's Good for Peloton. -- Barrons.com
DJ 大流行持續關閉健身房。這對佩洛頓有好處。-巴龍
By Teresa Rivas
由特蕾莎·里瓦斯
Peloton Interactive stock has jumped nearly 125% in 2020, and Wedbush argues that the at-home workout company will keep climbing as the pandemic pushes more people to turn to its products.
伯洛頓互動股票在 2020 年上漲了近 125％，Wedbush 認為，隨著大流行推動更多人轉向其產品，家庭鍛煉公司將繼續攀升。
Analyst James Hardiman reiterated an Outperform rating on Peloton (ticker: PTON) and raised his price target by $3 to $66. The spread of Covid-19 has made the market Peloton can target far larger, he said.
分析師詹姆斯·哈迪曼重申了伯洛頓（股票代碼：PTON）的「跑贏大市」評級，並將其目標價格提高了 3 美元至 66 美元。他說，Covid-19 的傳播使市場佩洛頓的目標變得更大。
The stock's big run recently means that expectations are high for its earnings report, due in early August, and that it could drop in response to news about gyms reopening, he warned.
他警告說，最近該股票的大漲意味著對其收益報告的期望很高，將於 8 月初，並且可能會因應有關健身房重新開放的消息而下降。
Yet at the same time, there's reason to think that the company can deliver strong results. Judging by mentions on social media and Peloton's own metrics, engagement data in the past three months "were all through the roof, accelerating relative to the already-strong growth seen in the March quarter, and in each case reaching uncharted territory despite what would normally be a sequential decline in the June quarter as outdoor exercise opportunities become a viable option," Hardiman wrote.
然而，與此同時，還有理由認為該公司可以提供強大的結果。從社交媒體和 Peloton 自己的指標上提及來看，過去三個月的參與度數據「全部通過屋頂，相對於 3 月季度已經強勁的增長而加速，並且在每種情況下，儘管 6 月季度通常會連續下降，因為戶外鍛煉機會成為可行的選擇，但在每種情況下都達到了未知的領土，但隨著戶外鍛煉機會成為一個可行的選擇。
Clearly, people are still sticking to indoor workouts despite summer weather. Hardiman is estimating that the company will deliver 126% year-over-year growth in subscribers when it reports, while the average estimate among analysts is for an increase of 108%.
顯然，儘管夏季天氣，人們仍然堅持室內鍛煉。Hardiman 估計，該公司將提供 126% 的用戶同比增長，當它報告, 而分析師之間的平均估計是增長 108%.
Then there is the fact that a resurgence of coronavirus in some parts of the country mean that gyms are once again feeling the pinch. States are taking different approaches to the uptick in cases, and while the overall picture may show that slightly more gyms are open this month than last, Hardiman said he "can't help but believe the country is more skittish with regards to crowded gyms than a month ago."
然後有一個事實，即在該國某些地區復甦冠狀病毒意味著健身房再次感覺到了捏。美國在案件中採取了不同的方法來上升，儘管整體情況可能表明，本月開放的健身房稍多一些，但哈迪曼說，他「忍不住相信該國對於擁擠的健身房比一個月前更加吃醉。」
That makes Peloton a more attractive option. Its position as the dominant player has only been magnified by the underwhelming rollout of the SoulCycle At-Home bike, Hardiman wrote.
這使得佩洛頓一個更具吸引力的選擇。它作為佔主導地位的球員只被放大了 SoulCycle 在家裡自行車的給人留下深刻印象深刻的推出, 哈迪曼寫道.
Peloton was up 9.1% to $63.85 in afternoon trading. That leaves Hardiman's stock-price target a bit more than $2 above where the shares stand now.
在下午交易中，佩洛頓上漲了 9.1％，至 63.85 美元。這使得哈迪曼的股價目標比股票現在的位置高出 2 美元多一點。
The stock has risen so quickly that many bulls think that it can keep rising -- if not as fast. From the demand for its bikes, to the potential for its treadmill products and the minimal impact from gym reopenings, analysts have been quick to point out the continuing factors that could Peloton's rally going.
股票上漲得如此之快，以至於許多多牛頭認為它可以繼續上漲-即使不是那麼快。從對其自行車的需求, 對其跑步機產品的潛力和從健身房重新開放的影響最小, 分析師已經快速指出，可能會 Peloton 的反彈持續因素.
Still, some are hesitant about valuation. The company isn't expected to turn a profit this fiscal year or next.
儘管如此，有些人對估值仍然猶豫不決。該公司預計不會在本財年或下一個財政年度獲利。
Write to Teresa Rivas at teresa.rivas@barrons.com
寫信給特蕾莎·里瓦斯：teresa.rivas@barrons.com
(END) Dow Jones Newswires
(完) 道瓊斯通訊社
July 20, 2020 13:59 ET (17:59 GMT)
2020 年 7 月 20 日（格林威治標準時間 17:59）
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