In a report released yesterday, Deepak Mathivanan from Barclays maintained a Buy rating on Peloton Interactive (PTON), with a price target of $40.00. The company’s shares closed last Monday at $29.00.
According to TipRanks.com, Mathivanan is a 5-star analyst with an average return of 16.8% and a 67.2% success rate. Mathivanan covers the Technology sector, focusing on stocks such as Activision Blizzard, Mercadolibre, and GrubHub.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Peloton Interactive with a $36.94 average price target, a 23.4% upside from current levels. In a report issued on January 25, Wedbush also initiated coverage with a Buy rating on the stock.
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Based on Peloton Interactive’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $55.4 million. In comparison, last year the company had a GAAP net loss of $55.1 million.
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Operates at-home fitness platform for live and on-demand indoor cycling classes
