BMO said in its downgrade of Peloton that it was cautious on the shares due customer churn, among other issues.'s ~$10B EV is essentially pricing in 3-7mm members will be willing and able to pay for its product, well above 2Q's ~712,000. Further, we remain concerned PTON's lower-priced Digital offering is essentially "too good" vs. its more-expensive-for-the-same-content Connected Fitness subscription.
UBS downgraded the stock on concerns about the long-term effect of the closures of the company's theme parks.to Neutral and lowering the price target to $114 given the COVID-19 outbreak and subsequent weakness in the economy. While the Media/Studio businesses will see declines, Parks are the largest source of earnings revisions. ... Park re-opening now Jan 1 base case; profitability likely impaired until vaccine.
Pro No you, sir, have gone too far.
Pro