Baird Maintains Neutral on Peloton Interactive, Raises Price Target to $8
Portfolio Pulse from Benzinga Newsdesk
Baird analyst Jonathan Komp maintains a Neutral rating on Peloton Interactive (NASDAQ:PTON) and raises the price target from $4.75 to $8.
November 01, 2024 | 11:19 am
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Baird analyst Jonathan Komp has maintained a Neutral rating on Peloton Interactive and increased the price target from $4.75 to $8, indicating a more optimistic outlook.
The increase in price target from $4.75 to $8 suggests a more positive outlook on Peloton's future performance, which could lead to a short-term positive impact on the stock price. However, the Neutral rating indicates that the analyst does not see a strong buy or sell opportunity, which tempers the potential impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100