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Friday, September 22, 2023

The Forecast Just Changed on Peloton Interactive Inc. (NASDAQ:PTON)

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Peloton Interactive Inc. (PTON) shares are trading at higher $116.20 and the avg recommendation for the stock is Strong Buy, while the current analyst price target stands at $135.04.

To add more color to this target, the company’s high over the last year is $139.75 and the low is $17.70. Over the last 52 weeks, PTON is up 252.55% while the S&P 500 is up 17.73%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, PTON reported a profit of $328.7 million. Peloton Interactive Inc. also saw revenues increase to $757.9 million. In addition, PTON has free cash flow of $250.0 million as of 09-2020. The company’s EBITDA came in at $82.0 million which compares well with its peers.

PTON booked profit margins of 2.00%, its Return on Equity (ROE) is 2.90%, and its Return on Assets is 1.60%. All told, it is clear that, PTON needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. PTON has a short ratio of 0.62 and outstanding shares of 288.72M.

Company Outlook

PTON has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 10.4 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 0.12. Peloton Interactive Inc. PTON also noted assets of $3.48 billion at the end of the last quarter. Investors should also keep an eye on sector updates as PTON has historically followed its peers on positive news.

All told, Peloton Interactive Inc. PTON has strung together solid data and demonstrated underlying fundamentals. At its current valuation, PTON represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Peloton Interactive Inc. PTON is now commanding a market cap of 33.36B and a float of 253.14M. PTON is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of PTON stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in PTON, either long or short, and we have not been compensated for this article.

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