Roth MKM Maintains Buy on Peloton Interactive, Lowers Price Target to $5
Portfolio Pulse from Benzinga Newsdesk
Roth MKM analyst George Kelly maintains a Buy rating on Peloton Interactive (PTON) but lowers the price target from $7 to $5.

May 03, 2024 | 2:37 pm
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NEUTRAL IMPACT
Roth MKM maintains a Buy rating on Peloton Interactive but lowers the price target from $7 to $5.
The adjustment in price target by Roth MKM reflects a revised valuation outlook for Peloton Interactive, while the maintenance of a Buy rating suggests continued confidence in the company's fundamentals. This mixed signal could lead to short-term price stability as investors digest the implications of a lower price target against the backdrop of sustained analyst confidence.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100