JP Morgan Maintains Neutral on Peloton Interactive, Raises Price Target to $7
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Doug Anmuth maintains a Neutral rating on Peloton Interactive (NASDAQ:PTON) but raises the price target from $5 to $7.

November 01, 2024 | 1:15 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
JP Morgan has maintained a Neutral rating on Peloton Interactive but increased the price target from $5 to $7, indicating a more optimistic outlook.
The increase in the price target from $5 to $7 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