Macquarie Maintains Neutral on Peloton Interactive, Lowers Price Target to $2.53
Portfolio Pulse from Benzinga Newsdesk
Macquarie analyst Paul Golding has maintained a Neutral rating on Peloton Interactive (PTON) but lowered the price target from $4.5 to $2.53.
May 03, 2024 | 4:05 pm
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NEGATIVE IMPACT
Macquarie has maintained a Neutral rating on Peloton Interactive but reduced the price target from $4.5 to $2.53.
The reduction in the price target by Macquarie reflects a negative outlook on Peloton's stock value in the short term. This adjustment suggests that the analyst sees factors that could limit the stock's upside potential or increase its risk profile, leading to a likely decrease in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100