Macquarie Maintains Neutral on Peloton Interactive, Raises Price Target to $9
Portfolio Pulse from Benzinga Newsdesk
Macquarie analyst Paul Golding maintains a Neutral rating on Peloton Interactive (NASDAQ:PTON) but raises the price target from $4.9 to $9.
November 01, 2024 | 3:11 pm
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Macquarie analyst Paul Golding maintains a Neutral rating on Peloton Interactive but raises the price target from $4.9 to $9, indicating a more optimistic outlook.
The increase in the price target from $4.9 to $9 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 opportunity, balancing the optimism.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100