J.P. Morgan Reaffirms Their Hold Rating on Peloton Interactive (PTON)
J.P. Morgan analyst Doug Anmuth maintained a Hold rating on Peloton Interactive yesterday and set a price target of $6.00. The company’s shares closed yesterday at $3.86.
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Anmuth covers the Communication Services sector, focusing on stocks such as Meta Platforms, Alphabet Class A, and Alphabet Class C. According to TipRanks, Anmuth has an average return of 15.9% and a 58.33% success rate on recommended stocks.
Peloton Interactive has an analyst consensus of Moderate Buy, with a price target consensus of $7.00, which is an 81.35% upside from current levels. In a report released yesterday, TipRanks – xAI also reiterated a Hold rating on the stock with a $4.00 price target.
Based on Peloton Interactive’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $656.5 million and a GAAP net loss of $38.7 million. In comparison, last year the company earned a revenue of $674 million and had a GAAP net loss of $92 million
