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UBS has upgraded Peloton's stock from Sell to Hold, citing the company's cost-cutting measures and performance-based CEO compensation as stabilizing factors. Despite challenges in attracting new subscribers and a 5% drop in website traffic, analysts expect EBITDA to grow significantly by 2027. UBS raised its price target from $2.50 to $10 per share, while other firms also increased their targets, reflecting a Hold consensus rating among analysts.
UBS upgraded Peloton from Sell to Neutral, anticipating improved EBITDA due to cost-cutting and a performance-based CEO compensation structure. Despite an 8% rise in shares post-upgrade, concerns linger over stagnating subscriber growth and declining user metrics, prompting a price target of $10. Analysts project FY25 EBITDA to rise from $216 million to $298 million, with significant operating expense cuts planned.
UBS upgraded Peloton from Sell to Neutral, anticipating improved EBITDA due to cost-cutting and a performance-based CEO compensation structure. Despite an 8% rise in shares post-upgrade, concerns linger over stagnating subscriber growth and declining user metrics, prompting a price target of $10.
Arpine Kocharyan
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UBS Upgrades Peloton Stock Amid Cost-Cutting and Performance Strategies
Nasdaq 100 Dec 24
Macquarie Group Limited
Peloton Interactive, Inc.
Robert W. Baird & Co. Inc.
USA
Arpine Kocharyan
Jonathan Komp
Paul Golding
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19:01 06.12.2024
UBS Upgrades Peloton to Neutral Amid Cost-Cutting and Stagnation Concerns
18:44 06.12.2024
UBS Upgrades Peloton to Neutral Amid Cost Cuts and Stagnation Risks
18:18 06.12.2024
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