Top Wall Street analysts like these stocks for the long haul

), once a pandemic darling, fell out of favor following the reopening of the economy as people returned to gyms and competition increased. Peloton shares crashed last year due to its deteriorating sales and mounting losses.

Nevertheless, investor sentiment has improved for PTON stock, thanks to the company's turnaround efforts under CEO Barry McCarthy. Investors cheered the company's fiscal second-quarter results due to higher subscription revenue even as the overall sales dropped 30% year-over-year. While its loss per share narrowed from the prior-year quarter, it was worse than what Wall Street projected.

Anmuth reiterated a buy rating and raised the price target to $19 from $13, given the company's focus on restoring its revenue growth. Anmuth ranks 192 out of more than 8,300 analysts on TipRanks, with a success rate of 58%. Each of his ratings has delivered a 15.1% return on average.

If You Need Any kind Of Business Capability Statement Design please feel free to contact us here-

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

With record Super Bowl wagers expected, here are Wall Street's top sports-betting stocksCNBC Pro screened for the sports-betting stocks most loved by Wall Street analysts and have at least 10% upside to the average price target. You should warn us when your articles are only available to subscribers.
Fonte: CNBC - 🏆 12. / 72 Consulte Mais informação »

These are the most overbought and oversold stocks on Wall Street right nowOne widely-used metric could help investors pick out which names to buy, and which stocks to avoid, in an uncertain market.
Fonte: CNBC - 🏆 12. / 72 Consulte Mais informação »

Bank of America reveals the most undervalued stocks on Wall Street, including this motorcycle giantBank of America said this week that investors should buy these extremely undervalued stocks. Lol run don’t walk from anything they tell you to buy
Fonte: CNBC - 🏆 12. / 72 Consulte Mais informação »