A new year means new opportunities. Some of 2024's market winners will flop, and some of its losers will rebound.
What goes up, must come down. But can it come back up again?
Peloton's turnaround is driven by new CEO Peter Stern, strategic partnerships with Costco and Truemed, and a strong holiday season outlook. The company's shift from direct-to-consumer to broader distribution channels, including Costco, is expected to boost sales and market presence. PTON's valuation appears undervalued given its forward price-to-sales ratio and potential for positive revenue growth under new leadership.
The pandemic triggered a boom in stocks that accommodated physical isolation, convenient access from home, and fitness. Many of these stocks hit unbelievable highs during the lockdowns but collapsed just as hard in the post-pandemic normalization period afterward.
PTON benefits from new content and software features like personalized plans and immersive workouts.
Does Peloton (PTON) have what it takes to be a top stock pick for momentum investors? Let's find out.
Peloton's Q3 earnings exceeded expectations, with $115 million adjusted EBITDA, driven by significant cost cuts and better-than-expected revenue and subscriber numbers. The company raised its 2025 fiscal year adjusted EBITDA guidance to $240-$290 million, reflecting conservative estimates and potential for further upside. New CEO Peter Stern, with a strong background from Apple and Time Warner, aims to grow subscribers while maintaining cost discipline.
The high-profile hedge fund manager has no solution for the company's biggest problem right now.
The connected fitness company's incoming CEO has an impressive resume that includes a seven-year stint at Apple.
Peloton (PTON) stock price has staged a strong comeback in the past few months after it reported better-than-expected financial results and announced management changes. It rebounded to a high of $8.92 last week, its highest swing since July 2023, and 220% higher than the year-to-date low.
Peloton Interactive (PTON) shares raced higher Monday after its strong first-quarter results drew a double upgrade from analysts at Bank of America Securities.
Peloton Interactive Inc (NASDAQ:PTON) shares were given a boost after Bank of America upgraded its rating and said the recent earnings strength and appointment of new CEO Peter Stern indicated the company "is no passing fad". The bank upgraded to a 'buy' stance and raised its share price objective to $9 from $3.75 on the perceived potential for "substantial earnings upside" on continued cost efficiencies, which have resulted in higher estimates.