Peloton price target raised to $8 from $7 at Goldman Sachs

Goldman Sachs raised the firm’s price target on Peloton (PTON) to $8 from $7 and keeps a Buy rating on the shares. Peloton’s Q3 results included a modest raise to FY26 revenue guidance at the low end and higher adjusted EBITDA expectations, supported by stable subscription trends and ongoing cost efficiencies, while churn is expected to remain flat year over year despite price increases, and management highlighted improving marketing traction along with longer-term growth opportunities in commercial offerings and content licensing, including a recent Spotify (SPOT) partnership, the analyst tells investors in a research note.