Morgan Stanley raised the firm’s price target on Peloton (PTON) to $6.50 from $6 and keeps an Equal Weight rating on the shares following model changes from Q3 earnings among the analyst’s small-to-mid cap internet coverage.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PTON:
- Peloton Interactive put volume heavy and directionally bearish
- Cautious Hold on Peloton: Balancing Financial Health with Revenue Growth Uncertainties
- Peloton’s Earnings Call: Innovation Amid Challenges
- Peloton Interactive: Resilience and Strategic Innovation Drive Buy Rating
- Peloton price target lowered to $8.50 from $9.25 at Baird