Macquarie Maintains Neutral on Peloton Interactive, Raises Price Target to $4.9
Portfolio Pulse from Benzinga Newsdesk
Macquarie analyst Paul Golding maintains a Neutral rating on Peloton Interactive and raises the price target from $2.53 to $4.9.

August 23, 2024 | 1:31 pm
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Macquarie analyst Paul Golding maintains a Neutral rating on Peloton Interactive but raises the price target from $2.53 to $4.9, indicating a more optimistic outlook.
The increase in price target from $2.53 to $4.9 suggests a more optimistic view on Peloton's future performance, which could positively influence investor sentiment and potentially lead to a short-term price increase. However, the Neutral rating indicates that the analyst does not see a strong buy opportunity, balancing the impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100