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Peloton stock price has suffered a harsh reversal in the past few months as concerns about its growth continued. PTON was trading at $6.95 on Friday, down by 36% from its highest level in January last year.
With the Nasdaq Composite (^IXIC 0.52%) down 9% year to date at this writing, some Wall Street analysts are seeing value among leading consumer brands. Shares of Chewy (CHWY 4.83%) and Peloton Interactive (PTON 6.59%) have fallen well off their highs the past few years.
Peloton (PTON) shares popped Friday after analysts at Canaccord Genuity upgraded the company's stock to “buy” from “hold.”
Fitness stock Peloton Interactive Inc (NASDAQ:PTON) is surging today, up 10.2% at $6.69 at last glance, following an upgrade from Canaccord Genuity to "buy" from "hold" with a $10 price target.
Peloton Interactive, Inc. (NASDAQ:PTON ) Morgan Stanley Technology, Media & Telecom Conference Call March 4, 2025 2:30 PM ET Company Participants Liz Coddington - Chief Financial Officer Conference Call Participants Nathaniel Feather - Morgan Stanley Nathaniel Feather Okay. Great. We'll get started.
Peloton Interactive (PTON -3.54%) is falling back into the good graces of the investment community. The company is steadily improving its finances, which is reducing risk.
NEW YORK, Feb. 25, 2025 (GLOBE NEWSWIRE) -- Peloton Interactive, Inc. (Nasdaq: PTON) announced today that Liz Coddington, Chief Financial Officer, will participate in a fireside chat at the Morgan Stanley Technology, Media & Telecom Conference on Tuesday, March 4, 2025, at 11:30 AM PST. The live webcast and replay can be accessed in the Events section of the Company's Investor Relations website: https://investor.onepeloton.com/news-and-events/events.
Peloton's initial pandemic-driven success led to overexpansion under CEO John Foley, resulting in a stock crash and his eventual ousting. Post-Foley, Peloton implemented restructuring programs, including job cuts and operational wind-downs, to stabilize the business and improve margins. These measures have been effective, with Peloton raising its FY 2025 Adjusted EBITDA guidance to $300 - $350 million and projecting free cash flow of at least $200 million.
Is This Soaring Stock -- Up 207% in 6 Months -- a Once-in-a-Decade Investment Opportunity Right Now?
After two strong years in 2023 and 2024, the market is continuing its positive streak in 2025. Amid a favorable backdrop, companies that previously seemed left for dead are now roaring back to relevance.
Peloton Interactive (PTON -5.41%) stock was a pandemic darling. It reached a record high of $162 at the end of 2020, on the back of surging sales for the company's at-home exercise equipment, which helped fitness enthusiasts stay active in the midst of lockdowns and social restrictions.