Peloton Is About to Report Earnings. One Analyst Is Less Bearish on the Stock.

Peloton Interactive has not had an easy year, but one Evercore ISI analyst thinks the struggles the at-home fitness company has faced are already priced into the stock.The stock’s decline follows the recall of 2.2 million exercise bikes in May, Wall Street’s concerns of the company’s ability to reach long-term profitability, and an earnings miss.

She wrote that the consensus estimate for Connected Fitness subscribers for the quarter is “beatable,” and the estimate for interest, taxes, depreciation, and amortization is “achievable.” Khajuria rates Peloton stock at In Line, however, with a $10 price target, and sees reasons to remain on the sidelines.

Sentiment has since shifted. As of Monday, 10 analysts have Buy ratings, 13 are at Hold, and three are at Sell.

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