Canaccord Genuity Maintains Buy on Peloton Interactive, Lowers Price Target to $10
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity analyst Michael Graham has maintained a 'Buy' rating on Peloton Interactive (NASDAQ:PTON) but lowered the price target from $18 to $10.
August 24, 2023 | 4:51 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Peloton's price target has been lowered from $18 to $10 by Canaccord Genuity, though the 'Buy' rating is maintained.
The lowering of the price target by Canaccord Genuity indicates a potential decrease in the short-term value of Peloton's stock. However, the maintained 'Buy' rating suggests that the analyst still sees long-term potential in the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100