On its first day of trading in September, the company closed 11% below its initial price of $29 per share, erasing. Since, the company has struggled to recover lost ground and is trading around $24 per share, roughly 17% below its IPO price.
Wall Street thinks that's a discount. Of the 18 analysts who initiated coverage on shares of the bicycling exercise company Monday, 17 have rated shares a "buy" and one has given shares a "hold" rating. So far, there are no sell ratings. Price targets range from $24 to $37, showing that nearly all analysts currently covering Peloton think that the stock is undervalued where it is currently trading at roughly $24 per share.
Here's a roundup of what some analysts who initiated coverage of Peloton are saying about the company:
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Amazon is expanding Prime delivery to cheap items - Business Insider - Business InsiderAmazon Prime subscribers can now purchase low-price items and still receive free next-day delivery, despite that it’s likely losing money on shipping.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Next stock market crash: Why a meltdown by year-end is on the table - Business Insider'A clear turn for the worse': A Wall Street strategist lays out compelling evidence that stocks are due for a meltdown before the year runs out Hee. Are China investors freaking? Right in line with the chaos of the election cycle.
Source: BusinessInsider - 🏆 729. / 51 Read more »
13 high-dividend-growth stocks trading at low valuations: Goldman - Business InsiderWall Street has fallen in love with stocks that pay big dividends, and Goldman says they're still the cheapest in a decade. Here are the 13 the firm recommends most. EINSTEIN seems so happy here
Source: BusinessInsider - 🏆 729. / 51 Read more »
Longest flight New York to Sydney on Qantas business class review - Business InsiderI flew on Qantas' 'Project Sunrise,' a nonstop test flight from New York to Sydney, Australia, which took almost 20 hours and covered nearly 10,000 miles — here's what it was like hblodget Narrator: It was pretty much like dozens of other flights, but 25 minutes longer.
Source: BusinessInsider - 🏆 729. / 51 Read more »