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.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Nvidia's stock looks to snap losing streak as earnings optimism buildsNvidia Corp.'s earnings are drawing nearer, and yet another analyst is feeling upbeat heading into the upcoming report.
Source: MarketWatch - 🏆 3. / 97 Read more »

HSBC hikes Nvidia price target ahead of earnings, sees 80% upsideAnalyst Frank Lee raised his target price on the stock to $780 from $600.
Source: CNBC - 🏆 12. / 72 Read more »

Here's what analysts are saying after Palo Alto Networks' second-quarter earningsAnalysts are relieved and bullish on the cybersecurity stock after fourth quarter earnings.
Source: CNBC - 🏆 12. / 72 Read more »

Here's the trade on Nvidia ahead of earnings, according to analystsAhead of earnings Wednesday, analysts are weighing in on the forthcoming report and how to trade the earnings.
Source: CNBC - 🏆 12. / 72 Read more »