Morgan Stanley raised the firm’s price target on Peloton (PTON) to $5.75 from $4 and keeps an Equal Weight rating on the shares. The firm, which calls the question of whether the company raises price and if it is factored into initial FY26 guidance “a key debate, “now anticipates a $5 per month subscription price increase in fiscal Q3 of FY26, which it estimates could drive about $130M in incremental EBITDA.
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