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...
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:
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Inside the $415,000-a-month Hamptons cottage where Rihanna vacationed this summer - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Is inside the house made with gold? Snore.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Inside Citadel's remote summer internship at a luxury Wisconsin resort - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. $400/night they were putting these kids in a motel 6
Source: BusinessInsider - 🏆 729. / 51 Read more »
Netflix stock price jumps, market cap up $25 billion after user poll - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Good for them...They rightfully deliver what they claim to in value terms to their customers...🙌
Source: BusinessInsider - 🏆 729. / 51 Read more »
YouTube's moderation algorithm doubles video takedowns during pandemic - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Check out my Gig on Fiverr: I will create a unique logo and brand identity
Source: BusinessInsider - 🏆 729. / 51 Read more »
Maven hired an ex-WeWork exec as CFO as it eyes pandemic-fueled growth - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
The usage-based insurance market will continue growing in importance amid the pandemic - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. The insurance industry is still about as honest as a politician. Lmao
Source: BusinessInsider - 🏆 729. / 51 Read more »