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PTON / Peloton Interactive Stock Plunges On A Well-Deserved Downgrade

Peloton Interactive's stock plunged 8.2% after a downgrade by Wolfe Research, with concerns over the company's profitability and growth opportunities. Subscription revenue increased by 14.8% YoY, but connected fitness product sales dropped significantly in the most recent quarter, and management forecasts a decline in connected fitness subscriptions moving forward. I agree with Wolfe Research's bearish assessment and maintain a 'sell' rating for PTON stock. Read More

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Posted: Jun 22 2023, 06:18

Author Name: Seeking Alpha

PTON News

By Forbes
November 2, 2023

Peloton Faces Uphill Ride As It Sweats On Widening Quarterly Losses

No-one can accuse Peloton's boss of not sweating the asset, but as the connected fitness brand reported quarterly losses it also warned of a tough hol

By Seeking Alpha
November 2, 2023

Peloton Interactive, Inc. (PTON) Q1 2024 Earnings Call Transcript

Peloton Interactive, Inc. (NASDAQ:PTON ) Q1 2024 Earnings Conference Call November 2, 2023 8:30 AM ET Company Participants Peter Stabler - Head of IR

By Yahoo Finance
November 2, 2023

Peloton CEO cites, 'bad news,' on paid subscriptions

Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio manag

By Zacks Investment Research
November 2, 2023

Peloton (PTON) Reports Q1 Loss, Tops Revenue Estimates

Peloton (PTON) came out with a quarterly loss of $0.44 per share versus the Zacks Consensus Estimate of a loss of $0.36. This compares to loss of $0.7

By Invezz
November 2, 2023

Wider-than-expected losses see Peloton stock price dip in pre-market

Peloton Interactive Inc (NASDAQ: PTON), the connected fitness company known for its high-end exercise equipment, faced a disappointing start to its fi

By Market Watch
November 2, 2023

Peloton's stock sinks as earnings outlook fails to impress

Peloton Interactive Inc. shares were sliding about 9% in Thursday's premarket action after the maker of connected exercise equipment showed financial

By CNBC
November 2, 2023

Peloton shares plunge on wider-than-expected loss, tepid holiday forecast

Peloton has been working to boost its membership numbers through a series of partnerships and posted higher than expected revenue on Thursday.

By Zacks Investment Research
October 31, 2023

Factors Setting the Tone for Peloton's (PTON) Q1 Earnings

A seasonal slowdown in hardware sales and reduced consumer spending are likely to affect Peloton's (PTON) first-quarter fiscal 2024 performance.

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