Baird lowered the firm’s price target on Peloton (PTON) to $8.50 from $9.25 and keeps a Neutral rating on the shares. The firm updated its model following Q1 results which saw encouraging progress on costs and cash flow.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PTON:
- Peloton’s Strong Financial Performance and Strategic Initiatives Drive Buy Rating
- Peloton Interactive: Balancing Strong Q1 Performance with Future Uncertainties
- Peloton Interactive: Hold Rating Amid Concerns Over Sustainable Subscriber Growth and Long-term Retention
- Peloton’s Q1 2026 Results: Growth Amid Challenges
- Closing Bell Movers: Expedia up 15%, Affirm up 12% on earnings beats