Why These 6 Peloton Interactive Analysts Were Not Impressed With Q4 Print
Portfolio Pulse from Priya Nigam
Shares of Peloton Interactive Inc (NASDAQ:PTON) rose in early trading on Thursday, despite mixed to negative reviews from analysts following the company's Q4 earnings release. Analysts from Needham, Telsey Advisory Group, BMO Capital Markets, Goldman Sachs, Oppenheimer, and KeyBanc Capital Markets all expressed concerns about the company's financials, including a shift from lifetime value to customer acquisition costs, negative adjusted EBITDA, soft sales, and a decline in connected fitness subscribers. Despite these concerns, the stock price rose by 1.20% to $5.49 at the time of publication Thursday.
August 24, 2023 | 4:34 pm
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Peloton's Q4 earnings received mixed to negative reviews from analysts, with concerns about the company's financials, including a shift from lifetime value to customer acquisition costs, negative adjusted EBITDA, soft sales, and a decline in connected fitness subscribers. Despite these concerns, the stock price rose by 1.20% to $5.49 at the time of publication Thursday.
Despite negative reviews from analysts, Peloton's stock price rose, indicating that the market may not be as concerned about the issues raised by the analysts. However, the concerns raised could potentially impact the company's performance in the future, which is why the importance score is high. The confidence score is also high as the information is based on the analysis of multiple analysts.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100