BofA upgraded Peloton (PTON) to Buy from Underperform with a price target of $9, up from $3.75. The firm cites higher estimates after fiscal Q1 “surprised” with much higher than expected EBITDA and FY25 guidance was raised to $240M-$290M, versus the $232M Street view. The firm believes Peloton can exceed $300M in EBITDA this year and sees $400M-plus as possible over the next few years, the analyst tells investors.
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Read More on PTON:
- 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
- Peloton price target raised to $5 from $3.50 at Morgan Stanley
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