Peloton announcement add to confidence on platform evolution, says Goldman Sachs

Goldman Sachs analyst Eric Sheridan keeps a Buy rating and $11.50 price target on Peloton (PTON) while noting that the company’s series of announcements are supportive of a refreshed Peloton brand and aligns the company well within the large health and wellness market. The firm also came away from Peloton announcements with increased confidence in terms of the evolution of the platform that looks set to build in operating momentum in the coming quarters, the analyst tells investors in a research note.