Goldman Sachs Maintains Neutral on Peloton Interactive, Lowers Price Target to $5.75
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Eric Sheridan has maintained a Neutral rating on Peloton Interactive (PTON) and reduced the price target from $6.5 to $5.75.
February 02, 2024 | 3:58 pm
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Goldman Sachs has maintained a Neutral rating on Peloton Interactive but lowered the price target from $6.5 to $5.75.
The reduction in price target by a prominent analyst like Goldman Sachs can lead to negative sentiment among investors, potentially causing a short-term decrease in PTON's stock price. The Neutral rating indicates that the analyst does not see significant upside or downside from the current price level, but the lowered price target suggests a downward revision in expected performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100