Goldman Sachs Maintains Neutral Rating for Peloton Interactive: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Goldman Sachs has maintained its Neutral rating on Peloton Interactive (NASDAQ:PTON) but lowered its price target from $6.50 to $5.75. Peloton's shares have fallen 3.42% in the last 24 hours to $4.09. The new target price suggests a potential 40.42% increase from the current level. Peloton operates an interactive fitness platform, generating most revenue from its Connected Fitness Products.
February 05, 2024 | 5:00 pm
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Goldman Sachs maintains Neutral rating on Peloton Interactive, lowering price target from $6.50 to $5.75. Shares dropped 3.42% to $4.09, with the new target suggesting a 40.42% potential increase.
The adjustment in price target by Goldman Sachs, a major financial institution, can influence investor sentiment and potentially lead to a short-term increase in PTON's stock price, especially considering the significant upside implied by the new target. However, the Neutral rating suggests a cautious outlook, tempering expectations.
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IMPORTANCE 85
RELEVANCE 100