BMO Capital raised the firm’s price target on Peloton (PTON) to $8.50 from $6.50 and keeps a Market Perform rating on the shares after its Q1 results. The firm notes that it has called on the company to emphasize profitability over growth, and Peloton’s latest results represented another proof-point, the analyst tells investors in a research note. BMO adds that it continues to see material EBITDA upside for Peloton if its profitability focus continues, though it also sees downside-risk should they revert to primarily chasing growth.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on PTON:
- Peloton upgraded to Buy from Underperform at BofA
- Peloton price target raised to $9 from $4.90 at Macquarie
- Peloton price target raised to $10 from $6 at Truist
- Mayville settlement with Peloton ‘obviously positive,’ says Northland
- Peloton price target raised to $9 from $5 at Telsey Advisory
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
