{
Curtis Nagle

People

}
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001122334455554433221100

Peloton shares rise as Bank of America upgrades profit outlook

Peloton Interactive Inc. received a significant upgrade from Bank of America, which raised its rating by two notches, citing a strong profit outlook and confidence in the new CEO. Analyst Curtis Nagle noted that Peloton's fiscal first-quarter adjusted Ebitda exceeded expectations, prompting an increase in its annual forecast to between $240 million and $290 million. He predicts the company could surpass $300 million in adjusted Ebitda this year and reach $400 million in the coming years as it continues to implement cost-cutting measures.
bloomberg.com
United States Dollar Bank of America Corporation Peloton Interactive, Inc. USA Curtis Nagle
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17:14 04.11.2024
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