The team of analysts led by Heath Terry lifted its price target for the fitness hardware stock to a Street-high $96 from $84, implying a 43% leap from Wednesday's close. Estimates for Peloton's growth and future profits "remain far too low," according to the bank.
"This isn't simply pull forward, but rather an acceleration and steepening of the adoption curve as network effects are amplified, marketing spend is repurposed, and the fundamental fitness landscape is altered," Goldman said.
The company is slated to report fiscal fourth-quarter earnings on September 10, and Goldman has high hopes for its performance through the pandemic. The analysts expect Peloton to post 208,000 new subscribers compared to the consensus estimate of 199,000, according to FactSet. The bank's earnings estimate could even surprise to the upside, the team said, "given the lack of marketing spend in the quarter."
This just means someone can pick up a slightly used one for cheap next year when it's uaed as a coat hanger for those who have it now...
हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो:
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
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