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2 mins read
Peloton's earnings shocker just wiped 34% off the stock as home-exercise interest fades - but JPMorgan says a strong holiday season can help propel it back up 60% next year
JPMorgan analysts maintained an 'overweight' rating ahead of the exercise equipment maker's stronge…
Isabelle Lee
2 mins read
Peloton stages a rebound after stock plunge as the CEO says it is resetting production for sustainable growth
"We feel good about right-sizing our production," Peloton CEO John Foley told employees in a letter…
Carla Mozée
1 min read
Cathie Wood's Ark bought the dip in Peloton as the bike maker tumbled amid a larger than expected drop in its earnings
The Ark Next Generation ETF bought an additional 115,515 shares of PTON on Monday.
Emily Graffeo
2 mins read
Peloton recovers after sinking on company's plan to sell $1 billion in stock
The $1.1 billion in capital raising comes after the maker of high-end exercise bikes posted weak qu…
Carla Mozée
1 min read
Peloton sinks after issuing downbeat outlook as it slashes $400 off the price of its original exercise bike
The company said Friday it received a federal subpoena stemming from reports about injuries from it…
Carla Mozée
1 min read
Peloton's 15% sell-off amid treadmill woes has created a ripe buying opportunity, Credit Suisse says
Buy the dip in Peloton's shares as future sales will be "delayed, not lost," due to treadmill recal…
Emily Graffeo
2 mins read
Peloton drops as Wedbush downgrades the fitness company on concerns gym reopenings will boost competition
Wedbush cut its 12-month price target for the high-end equipment maker's stock to $115 from $130 pe…
Carla Mozée
1 min read
Peloton plunges 15% after recalling treadmills amid reports of injuries and the death of a child
The decision comes after Peloton initially resisted regulatory warnings regarding the safety of its…
Isabelle Lee
2 mins read
Peloton can rally 12% as demand continues to surpass supply in early 2021, Bank of America says
Peloton deliveries were delayed 10 weeks as of January 6, signaling demand still outstripped supply…
Ben Winck
2 mins read
Peloton slides 3% after Apple reveals its competing fitness service will launch on December 14
Apple's Fitness+ subscription service will cost $9.99 per month, undercutting Peloton's cheapest $1…
Ben Winck
2 mins read
Peloton erases losses and rallies 9% after signing a multiyear deal with Beyoncé
The company and Beyoncé said they would also give two-year subscriptions to students at 10 historic…
Ben Winck
2 mins read
Peloton climbs 6% as tripled quarterly sales outweigh delivery issues, prompting a flurry of stock upgrades
The product shortage is "a good problem to have," JPMorgan analysts said. The bank lifted its price…
Ben Winck
3 mins read
Peloton will leap another 14% as new products open the door to 5 million potential subscribers, BofA says
The company's upcoming treadmill addresses a market two to three times larger than those interested…
Ben Winck
2 mins read
Peloton drops after consumer safety watchdog warns against using company's Tread+ machine
Peloton shares fell Monday after a US product safety agency said it looking into incidents related …
Carla Mozée
2 mins read
Peloton will rally another 18% as profits trounce expectations over next year, Bank of America says
The bank's analysts raised their price target for Peloton shares to $101, citing healthy holiday de…
Ben Winck
2 mins read
Peloton surges 11% to another record as new biggest bull JPMorgan says the stock can soar 18% from current levels
"Peloton's biggest near-term challenge in our view is keeping up with elevated demand," said JPMorg…
Carmen Reinicke
2 mins read
Peloton will soar 43% from current levels as its stock catches up with surging demand, Goldman Sachs says
Peloton sales surged through the pandemic, and that trend will continue as gyms struggle to bring b…
Ben Winck
1 min read
Peloton reportedly pauses production of bikes and treadmills following a 'significant reduction' in demand
The connected-fitness company is reportedly pausing the manufacture of its main products as it aims…
Kylie Robison,Dominick Reuter
2 mins read
Peloton soars 20% to record highs after earnings show people flocking to its bike as gyms are closed across the country
"During the last few weeks of Q3, we saw a significant increase in demand for our bike, which has c…
Matthew Fox
1 min read
Peloton jumps 9% after attracting a record 23,000 members to single virtual cycling class
With gyms shut down across the country, Peloton is pulling unprecedented attendance for its virtual…