Bernstein Downgrades Peloton Interactive to Market Perform, Announces $3.8 Price Target
Portfolio Pulse from Benzinga Newsdesk
Bernstein analyst Aneesha Sherman downgraded Peloton Interactive (PTON) from Outperform to Market Perform and set a new price target of $3.8.

May 03, 2024 | 6:13 pm
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Peloton Interactive was downgraded by Bernstein from Outperform to Market Perform, with a new price target of $3.8.
The downgrade from Outperform to Market Perform by a reputable analyst like Aneesha Sherman suggests a less optimistic outlook on Peloton's stock performance in the near term. The new price target of $3.8, presumably lower than its current trading price, indicates an expectation of a decrease in stock value. This analysis is likely to influence investor sentiment negatively, leading to a potential short-term decrease in Peloton's stock price.
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