Peloton Interactive (NASDAQ:PTON) Price Target Raised to $8.00

Peloton Interactive (NASDAQ:PTON) had its price objective increased by The Goldman Sachs Group from $7.00 to $8.00 in a research note issued to investors on Friday morning,Benzinga reports. The firm currently has a buy rating on the stock.

Several other equities research analysts have also weighed in on the stock. Telsey Advisory Group dropped their price objective on shares of Peloton Interactive from $8.00 to $6.00 and set a “market perform” rating on the stock in a research note on Friday, February 6th. Wall Street Zen lowered shares of Peloton Interactive from a “buy” rating to a “hold” rating in a research note on Saturday, April 18th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Peloton Interactive in a research note on Friday, January 9th. Zacks Research lowered shares of Peloton Interactive from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Finally, Citigroup dropped their price objective on shares of Peloton Interactive from $8.25 to $5.00 and set a “neutral” rating on the stock in a research note on Thursday, February 12th. Five analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Peloton Interactive currently has an average rating of “Hold” and a consensus price target of $8.25.

Peloton Interactive Stock Performance

Shares of Peloton Interactive stock opened at $5.69 on Friday. The firm has a market cap of $2.42 billion, a PE ratio of 142.29, a price-to-earnings-growth ratio of 0.98 and a beta of 2.50. The firm’s 50-day simple moving average is $4.47 and its 200-day simple moving average is $5.64. Peloton Interactive has a 1 year low of $3.65 and a 1 year high of $9.20.

Peloton Interactive (NASDAQ:PTON) last issued its earnings results on Thursday, February 5th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.02). The company had revenue of $656.50 million during the quarter, compared to analyst estimates of $675.04 million. Peloton Interactive had a net margin of 0.94% and a negative return on equity of 6.37%. The business’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same quarter last year, the company posted ($0.24) EPS. On average, equities analysts predict that Peloton Interactive will post 0.13 earnings per share for the current year.

Insider Activity

In other Peloton Interactive news, insider Dion C. Sanders sold 146,844 shares of the firm’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $4.41, for a total value of $647,582.04. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Saqib Baig sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $5.50, for a total transaction of $82,500.00. Following the completion of the sale, the chief financial officer owned 199,059 shares in the company, valued at $1,094,824.50. The trade was a 7.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 949,584 shares of company stock valued at $4,048,638 over the last quarter. Corporate insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On Peloton Interactive

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Peloton Interactive by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 39,227,591 shares of the company’s stock valued at $241,642,000 after purchasing an additional 591,300 shares during the period. Eminence Capital LP increased its stake in shares of Peloton Interactive by 20.3% in the fourth quarter. Eminence Capital LP now owns 18,154,907 shares of the company’s stock valued at $111,834,000 after purchasing an additional 3,069,497 shares during the period. DNB Asset Management AS increased its stake in shares of Peloton Interactive by 142.4% in the fourth quarter. DNB Asset Management AS now owns 10,776,627 shares of the company’s stock valued at $66,384,000 after purchasing an additional 6,331,510 shares during the period. Geode Capital Management LLC increased its stake in shares of Peloton Interactive by 3.9% in the fourth quarter. Geode Capital Management LLC now owns 9,741,115 shares of the company’s stock valued at $60,015,000 after purchasing an additional 369,614 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in shares of Peloton Interactive by 27.1% in the first quarter. Goldman Sachs Group Inc. now owns 7,056,642 shares of the company’s stock valued at $44,598,000 after purchasing an additional 1,503,680 shares during the period. Institutional investors and hedge funds own 77.01% of the company’s stock.

Key Stories Impacting Peloton Interactive

Here are the key news stories impacting Peloton Interactive this week:

• Positive Sentiment: Peloton reported revenue of $630.9 million, ahead of expectations, and swung to a $26 million profit, reinforcing the view that the company’s turnaround is gaining traction. Peloton swings to $26 mln profit in Q3, shares jump 7% in premarket trade
• Positive Sentiment: Management raised full-year guidance, including higher sales and EBITDA expectations, which suggests improving operating momentum and better profitability ahead. Peloton Raises 2026 Outlook As Ebitda Guidance Jumps 18%
• Positive Sentiment: Goldman Sachs raised its price target on Peloton to $8 from $7 and reiterated a buy rating, signaling increased confidence in the turnaround story and further upside potential. Peloton price target raised by Goldman Sachs
• Positive Sentiment: Peloton also announced a global partnership with Spotify, which expands its fitness content reach and adds a new distribution channel for its classes. Spotify Peloton Deal Adds Fitness Angle To Spotify Valuation Story
• Neutral Sentiment: Peloton’s adjusted EPS of $0.06 missed estimates by a penny, so some of the rally reflects investors focusing more on revenue growth, profitability, and guidance than on the earnings miss. Peloton Q3 Earnings Miss Estimates
• Neutral Sentiment: Calls for improved subscriber trends, lower churn, and better free cash flow support the bullish narrative, but these are more evidence of stabilization than a fresh catalyst. Peloton: Stability Is Here

About Peloton Interactive

Peloton Interactive, Inc operates a digital fitness platform that combines connected exercise equipment with live and on-demand workout classes. The company’s core products include stationary bikes (Peloton Bike and Bike+), treadmills (Peloton Tread and Tread+), and the Peloton Row. Each device integrates a touchscreen display that streams instructor-led cycling, running, strength, yoga, meditation and other fitness classes. Peloton generates recurring revenue through subscription plans, which grant users access to its growing library of workouts, performance tracking tools and community features.

Founded in 2012 by John Foley and headquartered in New York City, Peloton set out to deliver an immersive home-fitness experience by blending hardware, software and content.